RLJ Lodging Trust (NYSE:RLJ) Upgraded at StockNews.com

StockNews.com upgraded shares of RLJ Lodging Trust (NYSE:RLJGet Rating) from a sell rating to a hold rating in a research report sent to investors on Thursday.

Several other equities analysts also recently commented on RLJ. Oppenheimer started coverage on shares of RLJ Lodging Trust in a research note on Thursday, April 21st. They issued an outperform rating and a $20.00 price target on the stock. Zacks Investment Research raised shares of RLJ Lodging Trust from a sell rating to a hold rating in a report on Wednesday, March 2nd. Finally, Robert W. Baird raised RLJ Lodging Trust from a neutral rating to an outperform rating and increased their price target for the stock from $17.00 to $18.00 in a research report on Friday, January 14th.

Shares of RLJ Lodging Trust stock traded up $0.23 on Thursday, hitting $13.33. The stock had a trading volume of 31,024 shares, compared to its average volume of 1,404,591. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.31 and a quick ratio of 4.31. RLJ Lodging Trust has a twelve month low of $11.92 and a twelve month high of $16.66. The business’s 50 day moving average is $13.76 and its two-hundred day moving average is $13.96.

RLJ Lodging Trust (NYSE:RLJGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). The firm had revenue of $242.90 million during the quarter, compared to the consensus estimate of $239.79 million. RLJ Lodging Trust had a negative net margin of 38.84% and a negative return on equity of 14.23%. The business’s revenue for the quarter was up 103.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.18) earnings per share. Equities research analysts expect that RLJ Lodging Trust will post 1.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.04 annualized dividend and a yield of 0.30%. RLJ Lodging Trust’s dividend payout ratio is currently -2.45%.

In other news, Director Nathaniel A. Davis sold 40,000 shares of RLJ Lodging Trust stock in a transaction on Friday, March 18th. The stock was sold at an average price of $14.40, for a total value of $576,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of RLJ Lodging Trust during the fourth quarter worth $36,000. Penserra Capital Management LLC increased its holdings in RLJ Lodging Trust by 65.5% in the 3rd quarter. Penserra Capital Management LLC now owns 3,750 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,484 shares in the last quarter. Wolverine Asset Management LLC bought a new position in RLJ Lodging Trust in the fourth quarter valued at about $102,000. Van ECK Associates Corp boosted its stake in shares of RLJ Lodging Trust by 16.8% during the third quarter. Van ECK Associates Corp now owns 7,713 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of RLJ Lodging Trust by 32.7% during the fourth quarter. Schroder Investment Management Group now owns 10,241 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 2,526 shares during the last quarter. 98.00% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Company Profile (Get Rating)

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 consists of 103 hotels with approximately 22,570 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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