RLJ Lodging Trust (NYSE:RLJ)‘s stock had its “hold” rating reaffirmed by equities researchers at Wells Fargo & Co in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also recently issued reports on RLJ. Zacks Investment Research raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. ValuEngine lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Deutsche Bank set a $22.00 price target on RLJ Lodging Trust and gave the stock a “hold” rating in a report on Thursday, November 8th. Robert W. Baird upgraded RLJ Lodging Trust from a “neutral” rating to an “outperform” rating in a report on Friday, September 21st. Finally, TheStreet upgraded RLJ Lodging Trust from a “c+” rating to a “b-” rating in a report on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.50.

Shares of RLJ opened at $19.69 on Wednesday. RLJ Lodging Trust has a 52-week low of $18.67 and a 52-week high of $23.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 1.83 and a beta of 1.14.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.17). RLJ Lodging Trust had a return on equity of 5.34% and a net margin of 9.23%. The business had revenue of $447.00 million for the quarter, compared to analyst estimates of $450.68 million. During the same period last year, the firm earned $0.61 EPS. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. As a group, analysts forecast that RLJ Lodging Trust will post 2.2 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank raised its holdings in shares of RLJ Lodging Trust by 2.1% during the 2nd quarter. Comerica Bank now owns 110,178 shares of the real estate investment trust’s stock worth $2,478,000 after acquiring an additional 2,261 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of RLJ Lodging Trust by 2.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,429 shares of the real estate investment trust’s stock worth $2,234,000 after acquiring an additional 2,616 shares during the period. AQR Capital Management LLC raised its holdings in shares of RLJ Lodging Trust by 6.8% during the 3rd quarter. AQR Capital Management LLC now owns 42,909 shares of the real estate investment trust’s stock worth $945,000 after acquiring an additional 2,715 shares during the period. Strs Ohio raised its holdings in shares of RLJ Lodging Trust by 1.0% during the 2nd quarter. Strs Ohio now owns 297,150 shares of the real estate investment trust’s stock worth $6,552,000 after acquiring an additional 2,826 shares during the period. Finally, Panagora Asset Management Inc. raised its holdings in shares of RLJ Lodging Trust by 56.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 9,472 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 3,431 shares during the period. Institutional investors and hedge funds own 98.70% of the company’s stock.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 154 hotels with approximately 30,000 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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