RLJ Lodging Trust (NYSE:RLJ) Stock Price Expected to Rise, LADENBURG THALM/SH SH Analyst Says

RLJ Lodging Trust (NYSE:RLJ) had its price objective raised by equities research analysts at LADENBURG THALM/SH SH from $9.00 to $12.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s price objective would indicate a potential upside of 5.31% from the stock’s previous close.

Several other research firms have also weighed in on RLJ. Weiss Ratings raised shares of RLJ Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Raymond James Financial downgraded shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $9.00 to $11.00 in a report on Thursday, May 28th. Wall Street Zen upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 7th. Barclays upped their price objective on shares of RLJ Lodging Trust from $6.00 to $9.00 and gave the stock an “underweight” rating in a research note on Monday, June 1st. Finally, UBS Group set a $13.00 price objective on shares of RLJ Lodging Trust in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, RLJ Lodging Trust has a consensus rating of “Hold” and an average price target of $10.56.

RLJ Lodging Trust Price Performance

RLJ stock traded up $0.29 during trading on Thursday, hitting $11.39. The company had a trading volume of 870,349 shares, compared to its average volume of 2,110,273. The company has a fifty day moving average price of $9.16 and a two-hundred day moving average price of $8.22. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.22. The company has a market cap of $1.73 billion, a P/E ratio of -1,139.50 and a beta of 1.13. RLJ Lodging Trust has a fifty-two week low of $6.54 and a fifty-two week high of $11.48.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $339.98 million for the quarter, compared to analysts’ expectations of $323.51 million. RLJ Lodging Trust had a return on equity of 1.37% and a net margin of 1.84%.The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. Equities research analysts expect that RLJ Lodging Trust will post 1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amundi increased its position in RLJ Lodging Trust by 11.1% in the 1st quarter. Amundi now owns 84,756 shares of the real estate investment trust’s stock valued at $629,000 after acquiring an additional 8,468 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of RLJ Lodging Trust by 123.0% during the first quarter. Quantinno Capital Management LP now owns 128,442 shares of the real estate investment trust’s stock worth $953,000 after purchasing an additional 70,834 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of RLJ Lodging Trust by 2,111.3% during the first quarter. Renaissance Technologies LLC now owns 299,232 shares of the real estate investment trust’s stock worth $2,220,000 after purchasing an additional 285,700 shares in the last quarter. Sei Investments Co. grew its stake in shares of RLJ Lodging Trust by 122.5% during the first quarter. Sei Investments Co. now owns 251,168 shares of the real estate investment trust’s stock valued at $1,864,000 after purchasing an additional 138,259 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of RLJ Lodging Trust by 12.3% during the first quarter. State of Wyoming now owns 17,904 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 1,963 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.