RLJ Lodging Trust (NYSE:RLJ)’s share price traded down 1.1% during trading on Tuesday . The company traded as low as $23.28 and last traded at $23.40, with a volume of 976,424 shares traded. The stock had previously closed at $23.66.

RLJ has been the topic of a number of recent research reports. Zacks Investment Research upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, July 13th. Credit Suisse Group AG reiterated a “buy” rating and issued a $25.00 target price on shares of RLJ Lodging Trust in a research note on Thursday, May 5th. Robert W. Baird cut RLJ Lodging Trust from an “outperform” rating to a “neutral” rating and cut their target price for the company from $25.00 to $24.00 in a research note on Monday, August 8th. Canaccord Genuity reiterated a “buy” rating on shares of RLJ Lodging Trust in a research note on Wednesday, April 27th. Finally, Barclays PLC cut their target price on RLJ Lodging Trust from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Friday, August 5th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. RLJ Lodging Trust has a consensus rating of “Hold” and a consensus price target of $25.60.

The company has a market cap of $2.85 billion and a PE ratio of 14.63. The firm has a 50-day moving average price of $23.23 and a 200 day moving average price of $21.74.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.36. The firm had revenue of $317.11 million for the quarter, compared to analyst estimates of $318.47 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. Equities analysts expect that RLJ Lodging Trust will post $1.27 earnings per share for the current fiscal year.

In other news, CFO Leslie D. Hale sold 10,000 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $23.62, for a total transaction of $236,200.00. Following the transaction, the chief financial officer now owns 283,636 shares of the company’s stock, valued at $6,699,482.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

A hedge fund recently bought a new stake in RLJ Lodging Trust stock. Systematic Financial Management LP purchased a new stake in shares of RLJ Lodging Trust (NYSE:RLJ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 75,790 shares of the real estate investment trust’s stock, valued at approximately $1,639,000. Systematic Financial Management LP owned about 0.06% of RLJ Lodging Trust as of its most recent SEC filing.

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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