RLJ Lodging Trust (NYSE:RLJ) Stock Rating Lowered by Baird R W

RLJ Lodging Trust (NYSE:RLJ) was downgraded by research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

RLJ has been the subject of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of RLJ Lodging Trust in a research report on Saturday, September 27th. Wells Fargo & Company boosted their price objective on shares of RLJ Lodging Trust from $6.00 to $7.00 and gave the company an “underweight” rating in a research report on Tuesday, July 1st. Truist Financial boosted their price objective on shares of RLJ Lodging Trust from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Zacks Research raised shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $7.50 price objective (down from $9.00) on shares of RLJ Lodging Trust in a research report on Friday. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.10.

RLJ Lodging Trust Price Performance

RLJ stock opened at $7.06 on Friday. RLJ Lodging Trust has a 12 month low of $6.16 and a 12 month high of $10.84. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average price of $7.48 and a 200 day moving average price of $7.42. The stock has a market cap of $1.07 billion, a PE ratio of 33.60 and a beta of 1.49.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $363.10 million during the quarter, compared to analysts’ expectations of $365.30 million. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. Equities research analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

Institutional Investors Weigh In On RLJ Lodging Trust

Several hedge funds have recently modified their holdings of RLJ. EverSource Wealth Advisors LLC lifted its position in shares of RLJ Lodging Trust by 2,721.1% in 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 during the period. KBC Group NV bought a new position in shares of RLJ Lodging Trust during the 1st quarter worth approximately $27,000. Versant Capital Management Inc raised its stake in shares of RLJ Lodging Trust by 402.7% during the 1st quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 2,944 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of RLJ Lodging Trust during the 2nd quarter worth approximately $76,000. Finally, Blueshift Asset Management LLC bought a new position in shares of RLJ Lodging Trust during the 1st quarter worth approximately $82,000. Hedge funds and other 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.