Traders bought shares of RLJ Lodging Trust (NYSE:RLJ) on weakness during trading hours on Friday. $22.16 million flowed into the stock on the tick-up and $3.81 million flowed out of the stock on the tick-down, for a money net flow of $18.35 million into the stock. Of all equities tracked, RLJ Lodging Trust had the 24th highest net in-flow for the day. RLJ Lodging Trust traded down ($0.29) for the day and closed at $21.45

RLJ has been the topic of several recent analyst reports. SunTrust Banks initiated coverage on shares of RLJ Lodging Trust in a research note on Thursday, October 19th. They set a “hold” rating and a $22.00 target price on the stock. Barclays initiated coverage on shares of RLJ Lodging Trust in a research note on Friday, October 6th. They set an “equal weight” rating and a $24.00 target price on the stock. Robert W. Baird set a $23.00 target price on shares of RLJ Lodging Trust and gave the company a “hold” rating in a research note on Sunday, October 29th. Zacks Investment Research raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.00.

The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $3,736.08, a price-to-earnings ratio of 8.75, a P/E/G ratio of 1.85 and a beta of 1.13.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The business had revenue of $341.26 million for the quarter, compared to analysts’ expectations of $347.74 million. During the same period in the previous year, the company posted $0.69 EPS. RLJ Lodging Trust’s revenue was up 15.2% on a year-over-year basis. research analysts forecast that RLJ Lodging Trust will post 2.31 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of RLJ. Ffcm LLC grew its holdings in shares of RLJ Lodging Trust by 1,105.3% during the 3rd quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 5,040 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of RLJ Lodging Trust by 38.0% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 4,002 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of RLJ Lodging Trust during the 2nd quarter valued at $214,000. Denver Investment Advisors LLC grew its holdings in shares of RLJ Lodging Trust by 0.9% during the 2nd quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 100 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of RLJ Lodging Trust by 13.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.

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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.

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