RLJ Lodging Trust (RLJ) Now Covered by Deutsche Bank AG

Stock analysts at Deutsche Bank AG began coverage on shares of RLJ Lodging Trust (NYSE:RLJ) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating and a $22.00 price target on the real estate investment trust’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 0.36% from the stock’s current price.

A number of other brokerages have also recently commented on RLJ. Janney Montgomery Scott restated a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of RLJ Lodging Trust in a research report on Monday, June 5th. Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and issued a $25.00 price target on shares of RLJ Lodging Trust in a research report on Friday, August 4th. Finally, Boenning Scattergood set a $20.00 price target on RLJ Lodging Trust and gave the stock a “sell” rating in a research report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. RLJ Lodging Trust currently has a consensus rating of “Hold” and a consensus target price of $24.20.

Shares of RLJ Lodging Trust (NYSE RLJ) opened at 21.92 on Tuesday. The firm has a market cap of $2.71 billion, a P/E ratio of 15.12 and a beta of 1.17. RLJ Lodging Trust has a 52 week low of $18.92 and a 52 week high of $25.10. The stock has a 50 day moving average of $20.42 and a 200 day moving average of $21.20.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The company had revenue of $292.28 million for the quarter, compared to analysts’ expectations of $293.16 million. During the same quarter last year, the business earned $0.82 earnings per share. RLJ Lodging Trust’s revenue was down 7.8% on a year-over-year basis. Analysts anticipate that RLJ Lodging Trust will post $1.19 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “RLJ Lodging Trust (RLJ) Now Covered by Deutsche Bank AG” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/09/21/rlj-lodging-trust-rlj-now-covered-by-deutsche-bank-ag.html.

In other news, Director Forgia Robert M. La purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average cost of $19.73 per share, with a total value of $98,650.00. Following the completion of the purchase, the director now owns 37,528 shares of the company’s stock, valued at approximately $740,427.44. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nathaniel A. Davis sold 10,000 shares of RLJ Lodging Trust stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total value of $201,100.00. Following the sale, the director now directly owns 72,928 shares in the company, valued at $1,466,582.08. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in shares of RLJ Lodging Trust by 23.0% during the first quarter. UBS Asset Management Americas Inc. now owns 265,152 shares of the real estate investment trust’s stock valued at $6,234,000 after purchasing an additional 49,507 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of RLJ Lodging Trust by 3.1% during the first quarter. Teachers Advisors LLC now owns 1,002,758 shares of the real estate investment trust’s stock valued at $23,575,000 after purchasing an additional 30,140 shares in the last quarter. Boston Private Wealth LLC boosted its stake in shares of RLJ Lodging Trust by 4.6% during the first quarter. Boston Private Wealth LLC now owns 16,373 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 716 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of RLJ Lodging Trust by 30.1% during the first quarter. Ameriprise Financial Inc. now owns 395,035 shares of the real estate investment trust’s stock valued at $9,288,000 after purchasing an additional 91,303 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in shares of RLJ Lodging Trust by 5.8% during the second quarter. Aperio Group LLC now owns 18,319 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 1,009 shares in the last quarter.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.

Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

Receive News & Ratings for RLJ Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLJ Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply