RLJ Lodging Trust (RLJ) Getting Somewhat Positive Press Coverage, Report Shows
Media headlines about RLJ Lodging Trust (NYSE:RLJ) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. RLJ Lodging Trust earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.9492215073963 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Analysts Anticipate RLJ Lodging Trust (RLJ) to Post $0.53 Earnings Per Share (americanbankingnews.com)
- KeyCorp Upgrades RLJ Lodging Trust (RLJ) to “Overweight” (americanbankingnews.com)
- Fairmont Copley Plaza Boston Sold for $170 Million (hotelnewsresource.com)
- RLJ Lodging Trust Named Top Dividend Stock With Insider Buying and 5.98% Yield (RLJ) (nasdaq.com)
- BRIEF-RLJ Lodging Trust Announces Sale Of Fairmont Copley Plaza Boston For $170 Mln (reuters.com)
RLJ Lodging Trust (RLJ) traded down $0.23 during midday trading on Tuesday, hitting $22.55. 2,348,653 shares of the stock were exchanged, compared to its average volume of 1,539,649. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $3,858.51, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13. RLJ Lodging Trust has a 1-year low of $19.12 and a 1-year high of $25.01.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.85%. This is a positive change from RLJ Lodging Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, December 28th. RLJ Lodging Trust’s dividend payout ratio is 38.94%.
A number of analysts have commented on the stock. ValuEngine lowered shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Canaccord Genuity raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $21.00 to $23.00 in a research note on Friday, September 8th. Deutsche Bank assumed coverage on shares of RLJ Lodging Trust in a research note on Tuesday, September 19th. They set a “hold” rating and a $22.00 price objective for the company. Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Finally, Wells Fargo & Company raised shares of RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.36.
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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