RLJ Lodging Trust (RLJ) has risen sharply, recording gains of 7.96% in the past 4 weeks. However, the stock has corrected -2.51% 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 4.45% 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 4.18% and the 50-Day Moving Average is 11.17%. RLJ Lodging Trust is up 14.56% in the last 3-month period. Year-to-Date the stock performance stands at 13.29%.
RLJ Lodging Trust (NYSE:RLJ): stock turned positive on Friday. Though the stock opened at $23.33, the bulls momentum made the stock top out at $23.78 level for the day. The stock recorded a low of $23.3 and closed the trading day at $23.74, in the green by 1.24%. The total traded volume for the day was 1,425,130. The stock had closed at $23.45 in the previous days trading.
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.