RLJ Lodging Trust (NYSE:RLJ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “RLJ Lodging Trust is a REIT focused on investing primarily in premium-branded, focused-service, and compact full-service hotels. It plans to own hotels concentrated in urban and dense suburban markets. “

RLJ has been the subject of several other research reports. Robert W. Baird reissued a “hold” rating on shares of RLJ Lodging Trust in a report on Thursday, December 21st. KeyCorp raised RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Tuesday, December 19th. ValuEngine raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet lowered RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks assumed coverage on RLJ Lodging Trust in a report on Thursday, October 19th. They issued a “hold” rating and a $22.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $23.36.

Shares of RLJ Lodging Trust (NYSE:RLJ) traded up $0.02 during trading on Thursday, hitting $22.40. The stock had a trading volume of 1,274,300 shares, compared to its average volume of 1,179,450. RLJ Lodging Trust has a 1 year low of $19.12 and a 1 year high of $25.01. The stock has a market cap of $3,914.49, a price-to-earnings ratio of 19.82, a PEG ratio of 1.87 and a beta of 1.13. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.90.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The firm had revenue of $341.26 million during the quarter, compared to analyst estimates of $347.74 million. During the same period last year, the firm posted $0.69 EPS. The business’s revenue was up 15.2% compared to the same quarter last year. equities analysts forecast that RLJ Lodging Trust will post 2.27 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AXA boosted its stake in RLJ Lodging Trust by 10.9% in the 3rd quarter. AXA now owns 321,399 shares of the real estate investment trust’s stock worth $7,071,000 after purchasing an additional 31,678 shares during the period. New Mexico Educational Retirement Board boosted its stake in RLJ Lodging Trust by 40.7% in the 3rd quarter. New Mexico Educational Retirement Board now owns 24,877 shares of the real estate investment trust’s stock worth $547,000 after purchasing an additional 7,202 shares during the period. Public Employees Retirement System of Ohio boosted its stake in RLJ Lodging Trust by 40.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 224,808 shares of the real estate investment trust’s stock worth $4,946,000 after purchasing an additional 64,213 shares during the period. GSA Capital Partners LLP boosted its position in shares of RLJ Lodging Trust by 88.5% during the 3rd quarter. GSA Capital Partners LLP now owns 23,367 shares of the real estate investment trust’s stock valued at $514,000 after acquiring an additional 10,971 shares during the last quarter. Finally, Dean Investment Associates LLC bought a new stake in shares of RLJ Lodging Trust during the 3rd quarter valued at about $559,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

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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.

Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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