RLJ Lodging Trust (RLJ) Cut to Hold at ValuEngine
ValuEngine lowered shares of RLJ Lodging Trust (NYSE:RLJ) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
Other equities analysts also recently issued reports about the stock. TheStreet downgraded shares of RLJ Lodging Trust from a b- rating to a c+ rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of RLJ Lodging Trust from a hold rating to a sell rating in a research note on Wednesday, December 6th. Deutsche Bank increased their price objective on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a hold rating in a research note on Friday, February 9th. KeyCorp upgraded shares of RLJ Lodging Trust from a sector weight rating to an overweight rating and set a $25.00 price objective for the company in a research note on Tuesday, December 19th. Finally, Robert W. Baird restated a hold rating on shares of RLJ Lodging Trust in a research note on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $23.36.
RLJ Lodging Trust (NYSE RLJ) opened at $19.49 on Wednesday. The firm has a market cap of $3,410.00, a price-to-earnings ratio of 41.47, a P/E/G ratio of 1.65 and a beta of 1.20. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 2.06. RLJ Lodging Trust has a one year low of $19.07 and a one year high of $23.98.
Hedge funds have recently modified their holdings of the company. Assetmark Inc. raised its holdings in shares of RLJ Lodging Trust by 8,118.5% in the 4th quarter. Assetmark Inc. now owns 5,342 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 5,277 shares during the period. Ffcm LLC raised its holdings in shares of RLJ Lodging Trust by 1,105.3% in the 3rd quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 5,040 shares during the period. Lazard Asset Management LLC bought a new stake in shares of RLJ Lodging Trust in the 4th quarter valued at about $142,000. Oppenheimer Asset Management Inc. bought a new stake in shares of RLJ Lodging Trust in the 3rd quarter valued at about $225,000. Finally, Foster & Motley Inc. bought a new stake in shares of RLJ Lodging Trust in the 4th quarter valued at about $243,000. 98.23% of the stock is currently owned by institutional investors.
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About RLJ Lodging Trust
RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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