RLJ Lodging Trust (NYSE:RLJ) : 9 analysts are covering RLJ Lodging Trust (NYSE:RLJ) and their average rating on the stock is 3, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. RLJ Lodging Trust (NYSE:RLJ) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
RLJ Lodging Trust (NYSE:RLJ) : The consensus price target for RLJ Lodging Trust (NYSE:RLJ) is $22.67 for the short term with a standard deviation of $5.57. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $29, however, the pessimist price target for the company is $14.
Company shares have received an average consensus rating of Hold for the current week Also, Bank of America downgrades their rating on the shares of RLJ Lodging Trust (NYSE:RLJ). The current rating of the shares is Underperform. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 19, 2016.
RLJ Lodging Trust (NYSE:RLJ): stock turned positive on Tuesday. Though the stock opened at $19.88, the bulls momentum made the stock top out at $20.47 level for the day. The stock recorded a low of $19.82 and closed the trading day at $20.23, in the green by 2.85%. The total traded volume for the day was 1,336,730. The stock had closed at $19.67 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CFO and Treasurer) of Rlj Lodging Trust, Hale Leslie D. had sold 5,000 shares worth of $112,550 in a transaction dated May 10, 2016. In this transaction, 5,000 shares were sold at $22.51 per share.
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.