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

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

RLJ has been the topic of several other research reports. Truist Financial reduced their price target on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Oppenheimer lifted their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company increased their price target on RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an “underweight” rating in a report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, RLJ Lodging Trust currently has an average rating of “Hold” and an average price target of $10.92.

RLJ Lodging Trust Stock Up 0.1 %

Shares of RLJ opened at $9.87 on Wednesday. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week high of $12.39. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $10.13 and a two-hundred day simple moving average of $9.61. The company has a market capitalization of $1.51 billion, a PE ratio of 34.03 and a beta of 1.70.

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 the consensus estimate of $0.32 by ($0.23). RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The firm had revenue of $345.74 million for the quarter, compared to analyst estimates of $342.93 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. RLJ Lodging Trust’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current year.

Hedge Funds Weigh In On RLJ Lodging Trust

Hedge funds have recently bought and sold shares of the company. Quarry LP grew its position in RLJ Lodging Trust by 197.3% in the 2nd quarter. Quarry LP now owns 5,465 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 3,627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of RLJ Lodging Trust by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,564 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of RLJ Lodging Trust in the third quarter valued at approximately $93,000. Aigen Investment Management LP acquired a new position in shares of RLJ Lodging Trust in the third quarter valued at approximately $107,000. Finally, Metis Global Partners LLC increased its stake in RLJ Lodging Trust by 31.0% during the 3rd quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 3,738 shares during the period. Institutional investors and hedge funds 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.