RLJ Lodging Trust (RLJ) Downgraded by TheStreet to “C+”
Several other equities research analysts have also recently weighed in on RLJ. Zacks Investment Research cut RLJ Lodging Trust from a hold rating to a sell rating in a report on Wednesday, July 12th. Boenning Scattergood set a $20.00 target price on RLJ Lodging Trust and gave the stock a sell rating in a report on Tuesday, July 18th. Royal Bank Of Canada reissued a buy rating and issued a $25.00 price target on shares of RLJ Lodging Trust in a research report on Friday, August 4th. Canaccord Genuity reissued a hold rating and issued a $21.00 price target on shares of RLJ Lodging Trust in a research report on Monday, August 7th. Finally, Bank of America Corporation started coverage on RLJ Lodging Trust in a research report on Monday, August 14th. They issued a neutral rating and a $22.00 price target for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $24.00.
Shares of RLJ Lodging Trust (NYSE RLJ) remained flat at $$21.17 during mid-day trading on Wednesday. The company’s stock had a trading volume of 1,077,879 shares, compared to its average volume of 1,559,765. RLJ Lodging Trust has a 1 year low of $19.12 and a 1 year high of $25.10. The firm has a market capitalization of $3,700.00, a PE ratio of 8.63, a PEG ratio of 1.90 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.39 and a current ratio of 4.39.
RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The business had revenue of $341.26 million during the quarter, compared to analysts’ expectations of $347.74 million. During the same period in the prior year, the business earned $0.69 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. equities analysts anticipate that RLJ Lodging Trust will post 2.29 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.08%. The ex-dividend date was Thursday, September 28th. RLJ Lodging Trust’s dividend payout ratio is currently 40.74%.
In other RLJ Lodging Trust news, Director Forgia Robert M. La bought 5,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average cost of $19.73 per share, with a total value of $98,650.00. Following the transaction, the director now directly owns 37,528 shares of the company’s stock, valued at approximately $740,427.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nathaniel A. Davis sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total value of $201,100.00. Following the transaction, the director now directly owns 72,928 shares in the company, valued at $1,466,582.08. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Ffcm LLC increased its position in RLJ Lodging Trust by 1,105.3% during the 3rd quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 5,040 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in RLJ Lodging Trust during the 2nd quarter valued at about $208,000. New York State Teachers Retirement System grew its stake in RLJ Lodging Trust by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 100 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in RLJ Lodging Trust during the 2nd quarter valued at about $214,000. Finally, Denver Investment Advisors LLC grew its stake in RLJ Lodging Trust by 0.9% during the 2nd quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 100 shares during the last quarter.
RLJ Lodging Trust Company Profile
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.
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