RLJ Lodging Trust’s (RLJ) Hold Rating Reiterated at SunTrust Banks
A number of other research analysts have also commented on RLJ. TheStreet lowered RLJ Lodging Trust from a b- rating to a c+ rating in a research note on Wednesday, November 8th. ValuEngine upgraded RLJ Lodging Trust from a hold rating to a buy rating in a research note on Friday, December 1st. Zacks Investment Research lowered RLJ Lodging Trust from a hold rating to a sell rating in a research note on Wednesday, December 6th. KeyCorp upgraded RLJ Lodging Trust from a sector weight rating to an overweight rating and set a $25.00 target price for the company in a research note on Tuesday, December 19th. Finally, Robert W. Baird restated a hold rating on shares of RLJ Lodging Trust in a research note on Thursday, December 21st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $23.36.
Shares of RLJ Lodging Trust (NYSE:RLJ) traded down $0.11 during mid-day trading on Friday, hitting $19.49. The stock had a trading volume of 1,237,143 shares, compared to its average volume of 1,400,000. RLJ Lodging Trust has a one year low of $19.07 and a one year high of $23.98. The firm has a market capitalization of $3,410.00, a price-to-earnings ratio of 41.47, a PEG ratio of 1.65 and a beta of 1.20. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.90.
A number of institutional investors have recently added to or reduced their stakes in RLJ. Cohen & Steers Inc. acquired a new position in RLJ Lodging Trust during the third quarter worth $89,956,000. Land & Buildings Investment Management LLC acquired a new position in RLJ Lodging Trust during the third quarter worth $77,072,000. Daiwa Securities Group Inc. raised its stake in RLJ Lodging Trust by 534.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,715,579 shares of the real estate investment trust’s stock worth $81,632,000 after acquiring an additional 3,129,810 shares in the last quarter. Citadel Advisors LLC raised its stake in RLJ Lodging Trust by 128.7% during the third quarter. Citadel Advisors LLC now owns 3,006,051 shares of the real estate investment trust’s stock worth $66,133,000 after acquiring an additional 1,691,905 shares in the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in RLJ Lodging Trust during the third quarter worth $26,400,000. Hedge funds and other institutional investors own 98.23% 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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