RLJ Lodging Trust (NYSE:RLJ) Upgraded to C- by TheStreet

RLJ Lodging Trust (NYSE:RLJGet Rating) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c-” rating in a report issued on Thursday, TheStreetRatingsTable reports.

A number of other research firms have also recently issued reports on RLJ. StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday. Oppenheimer initiated coverage on RLJ Lodging Trust in a research report on Thursday, April 21st. They issued an “outperform” rating and a $20.00 target price on the stock. Robert W. Baird upgraded RLJ Lodging Trust from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $17.00 to $18.00 in a research report on Friday, January 14th. Finally, Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 2nd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, RLJ Lodging Trust currently has an average rating of “Buy” and an average target price of $17.67.

Shares of NYSE RLJ opened at $13.48 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.31 and a current ratio of 4.31. RLJ Lodging Trust has a 52 week low of $11.92 and a 52 week high of $16.66. The stock has a market capitalization of $2.24 billion, a P/E ratio of -8.27 and a beta of 1.76. The stock’s fifty day moving average is $13.75 and its 200 day moving average is $13.95.

RLJ Lodging Trust (NYSE:RLJGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). RLJ Lodging Trust had a negative return on equity of 11.50% and a negative net margin of 26.67%. The company had revenue of $242.90 million during the quarter, compared to the consensus estimate of $239.79 million. During the same quarter in the previous year, the business posted ($0.18) EPS. The firm’s revenue for the quarter was up 103.2% on a year-over-year basis. Equities research analysts forecast that RLJ Lodging Trust will post 1.2 earnings per share for the current year.

In other RLJ Lodging Trust news, Director Nathaniel A. Davis sold 40,000 shares of the company’s 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Invesco Ltd. grew its stake in RLJ Lodging Trust by 22.8% in the 3rd quarter. Invesco Ltd. now owns 10,487,771 shares of the real estate investment trust’s stock valued at $155,848,000 after purchasing an additional 1,946,329 shares during the period. State Street Corp lifted its position in shares of RLJ Lodging Trust by 6.1% during the 4th quarter. State Street Corp now owns 6,955,075 shares of the real estate investment trust’s stock valued at $96,953,000 after buying an additional 402,540 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of RLJ Lodging Trust by 18.6% during the 4th quarter. Nuveen Asset Management LLC now owns 3,303,533 shares of the real estate investment trust’s stock valued at $46,018,000 after buying an additional 518,127 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of RLJ Lodging Trust by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,460,113 shares of the real estate investment trust’s stock valued at $36,559,000 after buying an additional 15,078 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in shares of RLJ Lodging Trust by 2.6% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,344,877 shares of the real estate investment trust’s stock valued at $34,845,000 after buying an additional 60,400 shares during the last quarter. Hedge funds and other institutional investors own 98.00% of the company’s stock.

About RLJ Lodging Trust (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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