Canaccord Genuity reissued their hold rating on shares of RLJ Lodging Trust (NYSE:RLJ) in a report published on Monday morning. Canaccord Genuity currently has a $21.00 target price on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on RLJ. Boenning Scattergood set a $20.00 target price on shares of RLJ Lodging Trust and gave the stock a sell rating in a research report on Monday. Royal Bank Of Canada restated a buy rating and set a $25.00 target price on shares of RLJ Lodging Trust in a research report on Friday. Zacks Investment Research lowered shares of RLJ Lodging Trust from a hold rating to a sell rating in a research report on Wednesday, July 12th. BidaskClub lowered shares of RLJ Lodging Trust from a hold rating to a sell rating in a research report on Wednesday, July 5th. Finally, Janney Montgomery Scott restated a buy rating and set a $28.00 target price (up previously from $26.00) on shares of RLJ Lodging Trust in a research report on Monday, June 5th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. RLJ Lodging Trust has an average rating of Hold and an average target price of $24.63.

Shares of RLJ Lodging Trust (RLJ) traded up 0.29% on Monday, reaching $20.57. 459,326 shares of the company’s stock traded hands. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 13.02 and a beta of 1.16. The firm’s 50-day moving average is $20.55 and its 200-day moving average is $21.95. RLJ Lodging Trust has a 52-week low of $18.92 and a 52-week high of $25.10.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The business had revenue of $292.28 million during the quarter, compared to analyst estimates of $293.16 million. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.17%. The company’s revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. Analysts anticipate that RLJ Lodging Trust will post $1.03 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Canaccord Genuity Reiterates Hold Rating for RLJ Lodging Trust (NYSE:RLJ)” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/08/canaccord-genuity-reiterates-hold-rating-for-rlj-lodging-trust-nyserlj.html.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date was Wednesday, June 28th. RLJ Lodging Trust’s payout ratio is 91.03%.

A number of large investors have recently added to or reduced their stakes in RLJ. UBS Asset Management Americas Inc. increased its position in shares of RLJ Lodging Trust by 23.0% in the first quarter. UBS Asset Management Americas Inc. now owns 265,152 shares of the real estate investment trust’s stock valued at $6,234,000 after buying an additional 49,507 shares during the period. Teachers Advisors LLC increased its position in shares of RLJ Lodging Trust by 3.1% in the first quarter. Teachers Advisors LLC now owns 1,002,758 shares of the real estate investment trust’s stock valued at $23,575,000 after buying an additional 30,140 shares during the period. Boston Private Wealth LLC increased its position in shares of RLJ Lodging Trust by 4.6% in the first quarter. Boston Private Wealth LLC now owns 16,373 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 716 shares during the period. Ameriprise Financial Inc. increased its position in shares of RLJ Lodging Trust by 30.1% in the first quarter. Ameriprise Financial Inc. now owns 395,035 shares of the real estate investment trust’s stock valued at $9,288,000 after buying an additional 91,303 shares during the period. Finally, Guggenheim Capital LLC increased its position in shares of RLJ Lodging Trust by 14.8% in the fourth quarter. Guggenheim Capital LLC now owns 27,973 shares of the real estate investment trust’s stock valued at $685,000 after buying an additional 3,599 shares during the period. 99.94% of the stock is currently owned by institutional investors.

RLJ Lodging Trust Company Profile

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)

Receive News & Ratings for RLJ Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLJ Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.