LADENBURG THALM/SH SH Issues Positive Forecast for RLJ Lodging Trust (NYSE:RLJ) Stock Price

RLJ Lodging Trust (NYSE:RLJ) had its price target upped by research analysts at LADENBURG THALM/SH SH from $9.00 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s price objective would suggest a potential upside of 5.31% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. UBS Group set a $13.00 price objective on shares of RLJ Lodging Trust in a research report on Thursday. Truist Financial lifted their price target on RLJ Lodging Trust from $7.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Barclays upped their price objective on RLJ Lodging Trust from $6.00 to $9.00 and gave the stock an “underweight” rating in a research report on Monday, June 1st. Weiss Ratings upgraded RLJ Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Oppenheimer reissued an “outperform” rating and issued a $13.00 target price (up from $10.00) on shares of RLJ Lodging Trust in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.56.

RLJ Lodging Trust Trading Up 2.7%

NYSE RLJ traded up $0.29 during trading on Thursday, reaching $11.39. 870,349 shares of the stock traded hands, compared to its average volume of 2,110,273. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.22. RLJ Lodging Trust has a fifty-two week low of $6.54 and a fifty-two week high of $11.48. The stock’s 50-day moving average price is $9.16 and its 200 day moving average price is $8.22. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -1,139.50 and a beta of 1.13.

RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. RLJ Lodging Trust had a return on equity of 1.37% and a net margin of 1.84%.The firm had revenue of $339.98 million for the quarter, compared to analyst estimates of $323.51 million. During the same period in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts predict that RLJ Lodging Trust will post 1.26 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of RLJ Lodging Trust by 2,721.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 3,347 shares in the last quarter. Daytona Street Capital LLC acquired a new position in RLJ Lodging Trust during the fourth quarter worth $28,000. PNC Financial Services Group Inc. increased its holdings in RLJ Lodging Trust by 166.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,618 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,887 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in RLJ Lodging Trust during the third quarter worth $36,000. Finally, Danske Bank A S acquired a new stake in RLJ Lodging Trust in the third quarter valued at $50,000. 92.35% of the stock is currently owned by institutional investors.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.