RLJ Lodging Trust (NYSE:RLJ) Given Consensus Recommendation of “Moderate Buy” by Analysts

RLJ Lodging Trust (NYSE:RLJGet Rating) has received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $16.31.

A number of equities research analysts have recently issued reports on RLJ shares. Compass Point dropped their price target on RLJ Lodging Trust to $18.00 in a research report on Tuesday, November 15th. StockNews.com started coverage on RLJ Lodging Trust in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company dropped their price target on RLJ Lodging Trust from $15.00 to $13.50 and set an “equal weight” rating for the company in a research report on Monday, August 29th. Deutsche Bank Aktiengesellschaft dropped their price target on RLJ Lodging Trust from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, October 25th. Finally, Truist Financial dropped their price target on RLJ Lodging Trust from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, October 20th.

Insider Buying and Selling

In other RLJ Lodging Trust news, Director Patricia L. Gibson acquired 5,000 shares of the stock in a transaction that occurred on Friday, September 23rd. The stock was bought at an average cost of $10.47 per share, for a total transaction of $52,350.00. Following the completion of the transaction, the director now owns 79,635 shares of the company’s stock, valued at approximately $833,778.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RLJ Lodging Trust

Institutional investors have recently modified their holdings of the company. abrdn plc lifted its stake in RLJ Lodging Trust by 3.2% during the 1st quarter. abrdn plc now owns 36,696 shares of the real estate investment trust’s stock worth $522,000 after acquiring an additional 1,151 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of RLJ Lodging Trust by 1.2% during the second quarter. AQR Capital Management LLC now owns 97,227 shares of the real estate investment trust’s stock worth $1,072,000 after purchasing an additional 1,165 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of RLJ Lodging Trust by 3.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 35,377 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 1,168 shares during the period. Inspire Investing LLC boosted its stake in shares of RLJ Lodging Trust by 8.8% in the third quarter. Inspire Investing LLC now owns 20,732 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 1,685 shares during the period. Finally, Barclays PLC grew its holdings in shares of RLJ Lodging Trust by 0.3% in the third quarter. Barclays PLC now owns 565,704 shares of the real estate investment trust’s stock valued at $5,726,000 after purchasing an additional 1,913 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Price Performance

Shares of RLJ Lodging Trust stock opened at $11.79 on Friday. The business has a 50 day simple moving average of $11.29 and a two-hundred day simple moving average of $11.97. RLJ Lodging Trust has a 12 month low of $9.84 and a 12 month high of $15.45. The stock has a market capitalization of $1.91 billion, a P/E ratio of -107.18 and a beta of 1.77. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.67 and a quick ratio of 3.67.

About RLJ Lodging Trust

(Get Rating)

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 103 hotels with approximately 22,570 rooms, located in 23 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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