RLJ Lodging Trust (RLJ) PT Set at $20.00 by Boenning Scattergood
RLJ Lodging Trust (NYSE:RLJ) has been given a $20.00 target price by investment analysts at Boenning Scattergood in a research report issued on Thursday. The brokerage currently has a “sell” rating on the real estate investment trust’s stock. Boenning Scattergood’s price objective points to a potential upside of 2.62% from the company’s current price.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. KeyCorp upgraded RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Tuesday, December 19th. TheStreet downgraded RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Robert W. Baird restated a “hold” rating on shares of RLJ Lodging Trust in a report on Thursday, December 21st. Finally, Deutsche Bank increased their price target on RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.36.
Shares of RLJ Lodging Trust (RLJ) opened at $19.49 on Thursday. RLJ Lodging Trust has a fifty-two week low of $19.07 and a fifty-two week high of $23.98. The stock has a market capitalization of $3,410.00, a PE ratio of 41.47, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.90.
Several large investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB bought a new position in shares of RLJ Lodging Trust during the fourth quarter worth about $352,000. MetLife Investment Advisors LLC bought a new position in shares of RLJ Lodging Trust during the fourth quarter worth about $1,706,000. Macquarie Group Ltd. grew its holdings in shares of RLJ Lodging Trust by 347.3% during the fourth quarter. Macquarie Group Ltd. now owns 295,337 shares of the real estate investment trust’s stock worth $5,777,000 after buying an additional 229,314 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in shares of RLJ Lodging Trust by 5.8% during the fourth quarter. Vident Investment Advisory LLC now owns 117,519 shares of the real estate investment trust’s stock worth $2,582,000 after buying an additional 6,488 shares in the last quarter. Finally, Zeke Capital Advisors LLC bought a new position in shares of RLJ Lodging Trust during the fourth quarter worth about $247,000. Institutional investors and hedge funds own 98.23% of the company’s stock.
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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.
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