RLJ Lodging Trust (NYSE:RLJ) Lowered to “Hold” Rating by Truist Financial

RLJ Lodging Trust (NYSE:RLJ) was downgraded by stock analysts at Truist Financial from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a $10.00 target price on the real estate investment trust’s stock, down from their previous target price of $11.00. Truist Financial’s price target would indicate a potential upside of 12.78% from the company’s previous close.

A number of other equities research analysts also recently issued reports on RLJ. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Wells Fargo & Company cut their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.63.

RLJ Lodging Trust Trading Down 1.0 %

Shares of RLJ Lodging Trust stock opened at $8.87 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a 50-day moving average of $9.51 and a 200-day moving average of $9.60. RLJ Lodging Trust has a 52-week low of $8.46 and a 52-week high of $12.13. The stock has a market cap of $1.35 billion, a PE ratio of 30.58, a PEG ratio of 2.87 and a beta of 1.69.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The business had revenue of $329.99 million during the quarter, compared to analysts’ expectations of $324.66 million. As a group, sell-side analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RLJ. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of RLJ Lodging Trust in the fourth quarter worth about $3,678,000. GF Fund Management CO. LTD. bought a new position in RLJ Lodging Trust in the 4th quarter valued at approximately $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in RLJ Lodging Trust by 5.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 890,487 shares of the real estate investment trust’s stock valued at $9,092,000 after purchasing an additional 48,734 shares during the last quarter. Woodline Partners LP acquired a new stake in RLJ Lodging Trust in the fourth quarter valued at approximately $9,714,000. Finally, Two Sigma Advisers LP grew its stake in shares of RLJ Lodging Trust by 9.8% during the fourth quarter. Two Sigma Advisers LP now owns 225,823 shares of the real estate investment trust’s stock worth $2,306,000 after buying an additional 20,100 shares during the last quarter. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.