Short Term Rating on RLJ Lodging Trust (RLJ)

RLJ Lodging Trust (RLJ) has an average broker rating of 3, which is interpreted as a Hold, as rated by 9 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 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 2, which is also a Buy. 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) : The consensus price target for RLJ Lodging Trust (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


RLJ Lodging Trust (NYSE:RLJ): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.69 and $22.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.92, notching a gain of 2.00% for the day. The total traded volume was 1,693,894 . The stock had closed at $22.47 on the previous day.

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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