RLJ Lodging Trust (NYSE:RLJ) Price Target Lowered to $12.00 at KeyCorp

RLJ Lodging Trust (NYSE:RLJ) had its price objective lowered by KeyCorp from $14.00 to $12.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s price target would indicate a potential upside of 42.55% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Truist Financial lowered RLJ Lodging Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $11.00 to $10.00 in a research report on Friday. StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their price objective on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.82.

RLJ Lodging Trust Stock Down 5.2 %

RLJ Lodging Trust stock opened at $8.42 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The stock has a market cap of $1.28 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.87 and a beta of 1.69. RLJ Lodging Trust has a fifty-two week low of $8.26 and a fifty-two week high of $11.99. The firm’s 50-day simple moving average is $9.48 and its 200 day simple moving average is $9.60.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.36. The firm had revenue of $329.99 million for the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. Research analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

Institutional Trading of RLJ Lodging Trust

Institutional investors have recently modified their holdings of the business. GF Fund Management CO. LTD. purchased a new position in RLJ Lodging Trust in the 4th quarter valued at approximately $29,000. US Bancorp DE boosted its holdings in shares of RLJ Lodging Trust by 78.2% in the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,417 shares during the period. CreativeOne Wealth LLC purchased a new position in shares of RLJ Lodging Trust in the fourth quarter valued at $111,000. Xponance Inc. bought a new stake in shares of RLJ Lodging Trust during the 4th quarter valued at $112,000. Finally, EntryPoint Capital LLC lifted its holdings in RLJ Lodging Trust by 23.8% during the 4th quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 2,624 shares in the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

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 currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.