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

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Canaccord Genuity restated a “buy” rating on shares of RLJ Lodging Trust in a research note on Wednesday, April 27th. Robert W. Baird downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $24.00 in a report on Monday, August 8th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $25.00 target price on shares of RLJ Lodging Trust in a report on Thursday, May 5th. Finally, Raymond James Financial Inc. downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 27th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $25.60.

The company’s 50-day moving average price is $23.19 and its 200 day moving average price is $21.73. The firm has a market capitalization of $2.89 billion and a PE ratio of 14.81.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.36. During the same period last year, the business earned $0.74 EPS. The business had revenue of $317.11 million for the quarter, compared to analysts’ expectations of $318.47 million. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts expect that RLJ Lodging Trust will post $1.27 earnings per share for the current year.

In related news, CFO Leslie D. Hale sold 10,000 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $23.62, for a total transaction of $236,200.00. Following the completion of 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 filing with the SEC, which is available at the SEC website.

An institutional investor recently bought a new position in RLJ Lodging Trust stock. Systematic Financial Management LP acquired a new position in shares of RLJ Lodging Trust (NYSE:RLJ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 75,790 shares of the real estate investment trust’s stock, valued at approximately $1,639,000. Systematic Financial Management LP owned 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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