Zacks Investment Research upgraded shares of RLJ Lodging Trust (NYSE:RLJ) from a sell rating to a hold rating in a report published on Tuesday.

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. “

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RLJ has been the subject of a number of other reports. Robert W. Baird reaffirmed a hold rating on shares of RLJ Lodging Trust in a research note on Thursday, December 21st. ValuEngine raised shares of RLJ Lodging Trust from a hold rating to a buy rating in a research note on Friday, December 1st. SunTrust Banks reaffirmed a hold rating on shares of RLJ Lodging Trust in a research note on Friday, March 2nd. KeyCorp raised 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 report on Tuesday, December 19th. Finally, Boenning Scattergood set a $20.00 price objective on shares of RLJ Lodging Trust and gave the company a sell rating in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. RLJ Lodging Trust presently has an average rating of Hold and a consensus price target of $23.27.

RLJ Lodging Trust (RLJ) opened at $19.31 on Tuesday. RLJ Lodging Trust has a 52 week low of $19.07 and a 52 week high of $23.98. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The company has a market cap of $3,472.47, a PE ratio of 37.14, a P/E/G ratio of 1.67 and a beta of 1.20.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. RLJ Lodging Trust had a net margin of 5.52% and a return on equity of 2.77%. The firm had revenue of $462.49 million during the quarter, compared to analysts’ expectations of $442.14 million. analysts predict that RLJ Lodging Trust will post 2.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a $0.33 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.32 annualized dividend and a yield of 6.84%. RLJ Lodging Trust’s dividend payout ratio (DPR) is 253.85%.

A number of institutional investors have recently added to or reduced their stakes in RLJ. Nationwide Fund Advisors raised its holdings in shares of RLJ Lodging Trust by 27.6% in the 3rd quarter. Nationwide Fund Advisors now owns 198,435 shares of the real estate investment trust’s stock valued at $4,366,000 after purchasing an additional 42,953 shares in the last quarter. Aperio Group LLC raised its holdings in shares of RLJ Lodging Trust by 102.6% in the 3rd quarter. Aperio Group LLC now owns 37,110 shares of the real estate investment trust’s stock valued at $816,000 after purchasing an additional 18,791 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of RLJ Lodging Trust by 36.5% in the 3rd quarter. American Century Companies Inc. now owns 355,088 shares of the real estate investment trust’s stock valued at $7,812,000 after purchasing an additional 95,034 shares in the last quarter. Swiss National Bank raised its holdings in shares of RLJ Lodging Trust by 40.2% in the 3rd quarter. Swiss National Bank now owns 292,058 shares of the real estate investment trust’s stock valued at $6,425,000 after purchasing an additional 83,758 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of RLJ Lodging Trust by 31.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 71,013 shares of the real estate investment trust’s stock valued at $1,562,000 after purchasing an additional 17,103 shares in the last quarter.

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RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 156 hotels with approximately 30,570 rooms, located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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