RLJ Lodging Trust (NYSE:RLJ - Get Free Report) has received an average recommendation of "Hold" from the seven ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.71.
A number of equities research analysts have weighed in on the stock. StockNews.com cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Wells Fargo & Company downgraded shares of RLJ Lodging Trust from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $11.00 to $9.00 in a research report on Friday, September 13th. Truist Financial dropped their target price on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Bank of America cut their price target on shares of RLJ Lodging Trust from $12.00 to $10.00 and set an "underperform" rating on the stock in a report on Monday, July 22nd. Finally, Wolfe Research lowered shares of RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a report on Thursday, September 26th.
View Our Latest Analysis on RLJ Lodging Trust
Several hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in RLJ Lodging Trust by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,944 shares of the real estate investment trust's stock valued at $141,000 after acquiring an additional 1,229 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of RLJ Lodging Trust by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 1,564 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of RLJ Lodging Trust by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 225,738 shares of the real estate investment trust's stock worth $2,072,000 after purchasing an additional 1,755 shares during the period. ProShare Advisors LLC boosted its holdings in shares of RLJ Lodging Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 27,568 shares of the real estate investment trust's stock worth $326,000 after buying an additional 1,903 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in RLJ Lodging Trust by 2.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 107,116 shares of the real estate investment trust's stock valued at $1,267,000 after buying an additional 2,071 shares during the period. 92.35% of the stock is owned by institutional investors.
RLJ opened at $8.84 on Tuesday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.12. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.70. The stock has a fifty day simple moving average of $9.25 and a two-hundred day simple moving average of $9.64. RLJ Lodging Trust has a 12-month low of $8.76 and a 12-month high of $12.39.
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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