RLJ Lodging Trust (RLJ) : Zacks Investment Research ranks RLJ Lodging Trust (RLJ) as 5, which is a Strong Sell recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 3.44, which indicates as a Hold.
RLJ Lodging Trust (RLJ) : The highest level RLJ Lodging Trust (RLJ) is projected to reach is $29 for the short term and the lowest estimate is at $14. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $22.5 and the possibility the share price can swing is $5.01.
Also, Equity Analysts at the Baird downgrades the rating on RLJ Lodging Trust (NYSE:RLJ). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 8, 2016.
RLJ Lodging Trust (NYSE:RLJ): After opening at $21.31, the stock dipped to an intraday low of $21.25 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.62 and the buying power remained strong till the end. The stock closed at $21.51 for the day, a gain of 0.56% for the day session. The total traded volume was 476,006. The stocks close on the previous trading day was $21.39.
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.