RLJ Lodging Trust (RLJ) Shares are Up 7.36%

RLJ Lodging Trust (RLJ) : Traders are bullish on RLJ Lodging Trust (RLJ) as it has outperformed the S&P 500 by a margin of 8.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.36% in the last 1 week, and is up 16.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

RLJ Lodging Trust (NYSE:RLJ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.47 and $23.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.35, notching a gain of 3.48% for the day. The total traded volume was 1,220,815 . The stock had closed at $23.53 on the previous day.


The stock has recorded a 20-day Moving Average of 10.7% and the 50-Day Moving Average is 15.36%. RLJ Lodging Trust is up 14.73% in the last 3-month period. Year-to-Date the stock performance stands at 16.2%.

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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