RLJ Lodging Trust (NYSE:RLJ) Stock Rating Lowered by StockNews.com

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

Several other research analysts also recently weighed in on the stock. KeyCorp decreased their target price on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Wells Fargo & Company lowered their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a research note on Tuesday, February 18th. Finally, Truist Financial cut RLJ Lodging Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $11.00 to $10.00 in a research note on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.82.

RLJ Lodging Trust Price Performance

RLJ Lodging Trust stock opened at $7.41 on Tuesday. 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 firm has a market capitalization of $1.12 billion, a P/E ratio of 25.55, a PEG ratio of 2.87 and a beta of 1.51. The firm has a fifty day moving average of $8.78 and a 200-day moving average of $9.42. RLJ Lodging Trust has a 52-week low of $6.16 and a 52-week high of $11.83.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The company had revenue of $329.99 million for the quarter, compared to analyst estimates of $324.66 million. As a group, analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current year.

Insider Buying and Selling

In other RLJ Lodging Trust news, Director Patricia L. Gibson bought 10,000 shares of the business’s stock in a transaction on Friday, March 28th. The shares were purchased at an average price of $8.03 per share, with a total value of $80,300.00. Following the completion of the acquisition, the director now directly owns 124,217 shares of the company’s stock, valued at approximately $997,462.51. The trade was a 8.76 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of RLJ Lodging Trust

Hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc grew its stake in RLJ Lodging Trust by 402.7% during the 1st quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 2,944 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in RLJ Lodging Trust in the 4th quarter valued at about $3,678,000. GF Fund Management CO. LTD. bought a new stake in RLJ Lodging Trust in the 4th quarter valued at about $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in RLJ Lodging Trust by 5.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 890,487 shares of the real estate investment trust’s stock valued at $9,092,000 after purchasing an additional 48,734 shares during the period. Finally, Woodline Partners LP bought a new position in RLJ Lodging Trust in the 4th quarter worth about $9,714,000. 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.