RLJ Lodging Trust (NYSE:RLJ) Director Patricia L. Gibson acquired 1,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of $19.40 per share, with a total value of $19,400.00. Following the completion of the purchase, the director now directly owns 14,565 shares in the company, valued at $282,561. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of RLJ Lodging Trust (NYSE RLJ) opened at $19.94 on Tuesday. The stock has a market cap of $3,484.71, a PE ratio of 8.27, a PEG ratio of 1.67 and a beta of 1.20. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.91. RLJ Lodging Trust has a twelve month low of $19.07 and a twelve month high of $23.98.
RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.08. The firm had revenue of $462.49 million during the quarter, compared to analyst estimates of $442.14 million. RLJ Lodging Trust had a net margin of 5.52% and a return on equity of 2.77%. research analysts expect that RLJ Lodging Trust will post 2.38 earnings per share for the current fiscal year.
A number of brokerages have commented on RLJ. Barclays dropped their price objective on shares of RLJ Lodging Trust from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, March 7th. Zacks Investment Research raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Deutsche Bank lifted their price objective on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Boenning Scattergood set a $20.00 price objective on shares of RLJ Lodging Trust and gave the stock a “sell” rating in a research note on Thursday, March 1st. Finally, Robert W. Baird set a $22.00 target price on shares of RLJ Lodging Trust and gave the stock a “hold” rating in a report on Thursday, March 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.27.
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RLJ Lodging Trust Company Profile
RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.
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