Shares of RLJ Lodging Trust (NYSE:RLJ) traded down 1.9% during mid-day trading on Tuesday . The stock traded as low as $23.67 and last traded at $23.87, with a volume of 504,564 shares traded. The stock had previously closed at $24.33.

A number of brokerages recently commented on RLJ. Canaccord Genuity lowered RLJ Lodging Trust from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research note on Friday, July 15th. Zacks Investment Research raised RLJ Lodging Trust from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, July 13th. TheStreet raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, April 12th. Raymond James Financial Inc. lowered RLJ Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 27th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $25.00 price target on shares of RLJ Lodging Trust in a research note on Thursday, May 5th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.09.

The firm has a 50 day moving average of $21.88 and a 200 day moving average of $20.96. The firm has a market cap of $2.95 billion and a PE ratio of 15.56.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.38. The company earned $275.20 million during the quarter, compared to analyst estimates of $274.25 million. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. Analysts anticipate that RLJ Lodging Trust will post $1.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.32 annualized dividend and a dividend yield of 5.56%.

In other RLJ Lodging Trust news, CFO Leslie D. Hale sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $22.51, for a total value of $112,550.00. Following the transaction, the chief financial officer now owns 319,846 shares in the company, valued at approximately $7,199,733.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

A number of institutional investors have recently modified their holdings of RLJ. Marshall Wace LLP purchased a new position in shares of RLJ Lodging Trust during the fourth quarter worth approximately $4,983,000. ProShare Advisors LLC raised its position in shares of RLJ Lodging Trust by 17.9% in the fourth quarter. ProShare Advisors LLC now owns 64,669 shares of the real estate investment trust’s stock worth $1,399,000 after buying an additional 9,839 shares in the last quarter. I.G. Investment Management LTD. raised its position in shares of RLJ Lodging Trust by 5.9% in the fourth quarter. I.G. Investment Management LTD. now owns 49,215 shares of the real estate investment trust’s stock worth $1,065,000 after buying an additional 2,724 shares in the last quarter. First Trust Advisors LP raised its position in shares of RLJ Lodging Trust by 688.1% in the fourth quarter. First Trust Advisors LP now owns 397,712 shares of the real estate investment trust’s stock worth $8,603,000 after buying an additional 347,247 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of RLJ Lodging Trust by 1.3% in the fourth quarter. Nationwide Fund Advisors now owns 98,400 shares of the real estate investment trust’s stock worth $2,128,000 after buying an additional 1,299 shares in the last quarter.

RLJ Lodging Trust is a real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. The Company owns approximately 130 hotels with over 20,900 rooms, located in approximately 20 states and the District of Columbia, and an interest in a mortgage loan secured by a hotel.

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