RLJ Lodging Trust (RLJ) has risen sharply, recording gains of 2.38% in the past 4 weeks. However, the stock has corrected -2.23% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.34% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.2% and the 50-Day Moving Average is 4.85%. RLJ Lodging Trust (NYSE:RLJ): The stock was completely flat for the day, closing at $23.22 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $23.22, the stock touched an intraday high of $23.45 and a low of $23.10. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $23.22. The total trading volume on Friday was 522,821.
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 -3.41% . During last six month period, the net percent change held by insiders has seen a change of -12.69%. Also, Equity analysts at the Brokerage firm Baird downgrades its rating on RLJ Lodging Trust (NYSE:RLJ). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 8, 2016.
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.