RLJ Lodging Trust (NYSE:RLJ) has been assigned a $20.00 price target by analysts at Boenning Scattergood in a research report issued to clients and investors on Monday. The firm currently has a “sell” rating on the real estate investment trust’s stock. Boenning Scattergood’s price objective would suggest a potential downside of 3.75% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada restated a “buy” rating and set a $25.00 price target on shares of RLJ Lodging Trust in a research note on Friday. Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. ValuEngine upgraded RLJ Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 20th. BidaskClub cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $28.00 price objective (up from $26.00) on shares of RLJ Lodging Trust in a research report on Monday, June 5th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.88.

Shares of RLJ Lodging Trust (RLJ) opened at 20.78 on Monday. The company’s 50 day moving average price is $20.55 and its 200-day moving average price is $21.95. The firm has a market cap of $2.57 billion, a P/E ratio of 13.15 and a beta of 1.16. RLJ Lodging Trust has a 12-month low of $18.92 and a 12-month high of $25.10.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $292.28 million for the quarter, compared to the consensus estimate of $293.16 million. RLJ Lodging Trust had a return on equity of 8.17% and a net margin of 16.12%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. On average, equities research analysts anticipate that RLJ Lodging Trust will post $1.08 EPS for the current year.

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Several hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board boosted its position in shares of RLJ Lodging Trust by 100.5% in the first quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the real estate investment trust’s stock valued at $1,004,000 after buying an additional 21,400 shares in the last quarter. Adams Diversified Equity Fund Inc. boosted its position in shares of RLJ Lodging Trust by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 43,500 shares of the real estate investment trust’s stock valued at $1,023,000 after buying an additional 1,200 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of RLJ Lodging Trust during the first quarter valued at about $2,371,000. Hillcrest Asset Management LLC boosted its position in shares of RLJ Lodging Trust by 7.8% in the first quarter. Hillcrest Asset Management LLC now owns 364,692 shares of the real estate investment trust’s stock valued at $8,574,000 after buying an additional 26,528 shares in the last quarter. Finally, Breton Hill Capital Ltd. boosted its position in shares of RLJ Lodging Trust by 23.2% in the first quarter. Breton Hill Capital Ltd. now owns 43,098 shares of the real estate investment trust’s stock valued at $1,013,000 after buying an additional 8,128 shares in the last quarter. 99.94% of the stock is owned by institutional investors and hedge funds.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.

Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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