Brokerage Firm Rating Update on RLJ Lodging Trust (RLJ)

RLJ Lodging Trust (RLJ) : The consensus on RLJ Lodging Trust (RLJ) based on 9 analyst recommendation on the company stock is 3.44, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on RLJ Lodging Trust (RLJ).

RLJ Lodging Trust (RLJ) : The highest short term price target forecast on RLJ Lodging Trust (RLJ) is $29 and the lowest target price is $14. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $22.5 with a standard deviation of $5.01.


Company shares have received an average consensus rating of Hold for the current week Also, Baird downgrades its view on RLJ Lodging Trust (NYSE:RLJ) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on August 8, 2016.

RLJ Lodging Trust (NYSE:RLJ): The stock opened at $22.7 and touched an intraday high of $22.92 on Wednesday. During the day, the stock corrected to an intraday low of $22.4275, however, the bulls stepped in and pushed the price higher to close in the green at $22.91 with a gain of 1.06% for the day. The total traded volume for the day was 907,351. The stock had closed at $22.67 in the previous trading session.

RLJ Lodging Trust is a self-advised and self-administered Maryland real estate investment trust (REIT). The Company is engaged in acquiring full-service hotels. As of December 31, 2014, the Company through its wholly owned subsidiaries, owned 146 properties, which consisted of 144 hotels with approximately 22,900 rooms and two planned hotel conversions, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel. The Companys hotels are located in the New York, New York; Chicago, Illinois; Austin, Texas; Denver-Boulder, Colorado; Houston, Texas, and the Baltimore, Maryland-Washington, D.C. metropolitan areas. It operates its hotels under various brands, with nearly 97% of hotels operating under existing relationships with Marriott, Hilton or Hyatt. The Companys subsidiaries include RLJ LODGING TRUST L.P., RLJ LODGING TRUST LIMITED PARTNER LLC, RLJ LODGING ACQUISITIONS LLC and RLJ LODGING TRUST MASTER TRS INC., among others.

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