Brokerage Firm Rating on RLJ Lodging Trust (RLJ)

RLJ Lodging Trust (RLJ) has an average broker rating of 3.44, which is interpreted as a Hold, as rated by 9 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

RLJ Lodging Trust (RLJ) : Average target price received by RLJ Lodging Trust (RLJ) is $22.5 with an expected standard deviation of $5.01. The most aggressive target on the stock is $29, whereas the most downbeat target is $14. 6 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week RLJ Lodging Trust (NYSE:RLJ): The stock opened at $23.40 on Thursday but the bulls could not build on the opening and the stock topped out at $23.45 for the day. The stock traded down to $23.11 during the day, due to lack of any buying support eventually closed down at $23.22 with a loss of -0.30% for the day. The stock had closed at $23.29 on the previous day. The total traded volume was 690,586 shares.

In a related news, Hale Leslie D., officer (COO and CFO) of Rlj Lodging Trust, unloaded 10,000 shares at an average price of $23.62 on August 1, 2016. The total amount of the transaction was worth $236,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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