Robert W. Baird upgraded shares of RLJ Lodging Trust (NYSE:RLJ) from a neutral rating to an outperform rating in a report published on Friday, September 21st, MarketBeat Ratings reports.

A number of other analysts also recently commented on RLJ. Zacks Investment Research upgraded shares of RLJ Lodging Trust from a sell rating to a hold rating in a report on Saturday, June 16th. ValuEngine downgraded shares of RLJ Lodging Trust from a hold rating to a sell rating in a report on Wednesday, August 8th. Barclays upgraded shares of RLJ Lodging Trust from an equal weight rating to an overweight rating and set a $23.00 target price on the stock in a report on Friday, June 1st. Finally, Wells Fargo & Co downgraded shares of RLJ Lodging Trust from an outperform rating to a market perform rating in a report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. RLJ Lodging Trust currently has a consensus rating of Hold and a consensus price target of $22.57.

Shares of RLJ stock traded down $0.23 during midday trading on Friday, reaching $19.72. 1,238,336 shares of the company were exchanged, compared to its average volume of 1,248,124. RLJ Lodging Trust has a 12 month low of $18.67 and a 12 month high of $23.97. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.82.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.40). RLJ Lodging Trust had a return on equity of 3.11% and a net margin of 5.72%. The company had revenue of $484.69 million for the quarter, compared to the consensus estimate of $488.62 million. On average, equities research analysts predict that RLJ Lodging Trust will post 2.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.69%. The ex-dividend date is Thursday, September 27th. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 55.00%.

Institutional investors have recently added to or reduced their stakes in the company. Zeke Capital Advisors LLC purchased a new position in shares of RLJ Lodging Trust in the second quarter worth approximately $206,000. Truvestments Capital LLC purchased a new position in shares of RLJ Lodging Trust in the second quarter worth approximately $235,000. Tower Research Capital LLC TRC increased its position in shares of RLJ Lodging Trust by 115.3% in the second quarter. Tower Research Capital LLC TRC now owns 12,056 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 6,456 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of RLJ Lodging Trust in the first quarter worth approximately $261,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of RLJ Lodging Trust by 72.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 17,649 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 7,421 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

RLJ Lodging Trust Company Profile

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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