StockNews.com Downgrades RLJ Lodging Trust (NYSE:RLJ) to Sell

RLJ Lodging Trust (NYSE:RLJ) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company raised their price objective on RLJ Lodging Trust from $10.00 to $10.50 and gave the company an “underweight” rating in a report on Monday, December 9th. Oppenheimer lifted their price target on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial dropped their price objective on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, Wolfe Research downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, RLJ Lodging Trust has a consensus rating of “Hold” and an average target price of $11.50.

RLJ Lodging Trust Stock Down 0.9 %

Shares of NYSE RLJ opened at $10.21 on Tuesday. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.31 and a beta of 1.72. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a 12 month low of $8.74 and a 12 month high of $12.39. The stock has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $9.55.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.23). The company had revenue of $345.74 million for the quarter, compared to analyst estimates of $342.93 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. RLJ Lodging Trust’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. As a group, analysts forecast that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RLJ Lodging Trust

A number of hedge funds have recently bought and sold shares of the company. Quarry LP increased its holdings in RLJ Lodging Trust by 197.3% in the second quarter. Quarry LP now owns 5,465 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 3,627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 worth $57,000 after buying an additional 1,564 shares during the period. Ground Swell Capital LLC bought a new stake in shares of RLJ Lodging Trust in the 3rd quarter valued at $93,000. Aigen Investment Management LP acquired a new stake in RLJ Lodging Trust in the third quarter worth $107,000. Finally, Metis Global Partners LLC raised its holdings in shares of RLJ Lodging Trust by 31.0% during the third quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 3,738 shares during the period. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Company Profile

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.