RLJ Lodging Trust (RLJ) Given a $22.00 Price Target at Deutsche Bank

Deutsche Bank set a $22.00 price target on RLJ Lodging Trust (NYSE:RLJ) in a research report report published on Thursday. The firm currently has a hold rating on the real estate investment trust’s stock.

Several other analysts have also commented on RLJ. Wells Fargo & Co lowered shares of RLJ Lodging Trust from an outperform rating to a market perform rating in a research report on Tuesday, August 7th. ValuEngine lowered shares of RLJ Lodging Trust from a hold rating to a sell rating in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of RLJ Lodging Trust from a sell rating to a hold rating in a research report on Saturday, August 25th. Robert W. Baird raised shares of RLJ Lodging Trust from a neutral rating to an outperform rating in a research report on Friday, September 21st. Finally, TheStreet raised shares of RLJ Lodging Trust from a c+ rating to a b- rating in a research report on Tuesday, September 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $22.50.

RLJ Lodging Trust stock traded down $0.25 during midday trading on Thursday, hitting $20.04. 1,279,425 shares of the company’s stock were exchanged, compared to its average volume of 1,275,863. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.58 and a quick ratio of 2.58. RLJ Lodging Trust has a 12 month low of $18.67 and a 12 month high of $23.97. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 1.74 and a beta of 1.14.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.17). RLJ Lodging Trust had a return on equity of 5.35% and a net margin of 9.23%. The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $450.68 million. During the same quarter in the previous year, the company earned $0.61 earnings per share. The firm’s revenue was up 31.0% on a year-over-year basis. On average, equities analysts expect that RLJ Lodging Trust will post 2.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.59%. The ex-dividend date was Thursday, September 27th. RLJ Lodging Trust’s payout ratio is 55.00%.

Several hedge funds have recently added to or reduced their stakes in RLJ. GSA Capital Partners LLP purchased a new position in shares of RLJ Lodging Trust in the 2nd quarter valued at approximately $1,113,000. Caerus Investors LLC raised its position in shares of RLJ Lodging Trust by 51.2% in the 2nd quarter. Caerus Investors LLC now owns 963,500 shares of the real estate investment trust’s stock valued at $21,245,000 after purchasing an additional 326,160 shares during the last quarter. Northern Trust Corp raised its position in shares of RLJ Lodging Trust by 1.4% in the 2nd quarter. Northern Trust Corp now owns 3,113,003 shares of the real estate investment trust’s stock valued at $68,642,000 after purchasing an additional 43,412 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of RLJ Lodging Trust in the 2nd quarter valued at approximately $235,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of RLJ Lodging Trust by 19.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,101 shares of the real estate investment trust’s stock valued at $465,000 after purchasing an additional 3,452 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 154 hotels with approximately 30,000 rooms located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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