RLJ Lodging Trust (NYSE:RLJ): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $22.83 in RLJ Lodging Trust (NYSE:RLJ). However, the stock price could fluctuate by $ 5.67 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $29 price target with the lower price estimate is calculated at $14
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of RLJ Lodging Trust (NYSE:RLJ). Bank of America has a Underperform rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 19, 2016. Company shares have received an average consensus rating of Hold for the current week
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.
RLJ Lodging Trust (NYSE:RLJ) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.44% at $20.53 with 922,259 shares getting traded. Post opening the session at $20.68, the shares hit an intraday low of $20.35 and an intraday high of $20.95 and the price was in this range throughout the day. The company has a market cap of $2,562 million and the number of outstanding shares have been calculated to be 124,807,391 shares. The 52-week high of RLJ Lodging Trust (NYSE:RLJ) is $32.136 and the 52-week low is $16.15.
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.