RLJ Lodging Trust (NYSE:RLJ) has climbed 5.48% in the past week and advanced 13.93% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.75% and the outperformance has advanced to 12.89% for the last 4 weeks period.
RLJ Lodging Trust (NYSE:RLJ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.21 and $21.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.75, notching a gain of 2.40% for the day. The total traded volume was 1,696,260 . The stock had closed at $21.24 on the previous day.
The company shares have dropped -28.50% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $32.14 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.99 and the 200 Day Moving Average price is recorded at $21.01.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hale Leslie D., officer (CFO and Treasurer) of Rlj Lodging Trust, had unloaded 5,000 shares at an average price of $22.51 in a transaction dated on May 10, 2016. The total value of the transaction was worth $112,550.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Bank of America downgrades the rating on RLJ Lodging Trust (NYSE:RLJ). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 19, 2016. Currently the company Insiders own 3.4% of RLJ Lodging Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.54% . During last six month period, the net percent change held by insiders has seen a change of -1.54%.
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.