24 May, 2017
For now, RLJ Lodging Trust is the toast of Wall Street as its ABR stands at 2.70 with 1 out of 9 analysts rating the stock a buy. The ratio dropped, as 91 investment professionals opened new or increased positions, while 91 reduced and sold their holdings in RLJ Lodging Trust. The investment professionals in our partner's database now have: 120.15 million shares, down from 126.10 million shares in 2016Q3.
RLJ Lodging Trust (RLJ) reported earning per shares for the quarter ending May 08 AMC at 0.17, whereas, 3 number of analysts estimated the mean EPS at 0.41. Sold All: 21 Reduced: 70 Increased: 66 New Position: 25.
RLJ Lodging Trust (RLJ) shares saw a recent bid of $20.79 and 2.61M shares have exchanged hands in the recent trading session, yielding a 6.29% gain over the past week. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 12.42 and a beta of 1.14. The Firm is engaged in the acquisition of focused-service and compact full-service hotels. The Stock is showing a P/E ratio of 16.88 and Forward P/E ratio of 17.57. 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.
6 number of analysts have estimated the sales of the company for the quarter ending Aug 1, 2017- Aug 7, 2017, analysts estimated mean sale target of 284.77 million while high and low sale targets are estimated at 290.19 million and 280.9 million respectively.
RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Monday, May 8th. It has underperformed by 10.55% the S&P500. RLJ Lodging Trust posted earnings per share of $0.82 in the same quarter last year, which indicates a negative year over year growth rate of 13.4%. Bank of New York Mellon Corp now owns 2,944,846 shares of the real estate investment trust's stock valued at $69,233,000 after buying an additional 1,001,632 shares during the last quarter. Acadian Asset Management LLC boosted its position in RLJ Lodging Trust by 3,206.5% in the third quarter. Zacks Investment Research's earnings per share averages are an average based on a survey of research analysts that follow RLJ Lodging Trust.
Since January 1, 0001, it had 0 buys, and 2 insider sales for $242,400 activity. Five analysts have made estimates for RLJ Lodging Trust's earnings. Barclays PLC set a $23.00 price objective on shares of RLJ Lodging Trust and gave the stock a "sell" rating in a research report on Tuesday, February 14th. The stock notched a 12-month high of $23.86 while $28.00 target is by far the most aggressive out of analysts who are now evaluating the company, $4.14 higher than the next highest 52-week price estimate. The company presently has an average rating of "Hold" and a consensus target price of $24.10. The rating was downgraded by Ladenburg Thalmann to "Sell" on Tuesday, January 19. The firm earned "Overweight" rating on Wednesday, August 12 by Barclays Capital. The stock of RLJ Lodging Trust (NYSE:RLJ) has "Buy" rating given on Friday, November 6 by Compass Point. Wells Fargo downgraded RLJ Lodging Trust (NYSE:RLJ) on Wednesday, October 14 to "Market Perform" rating.
Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. RLJ Lodging Trust has far performed well this year, with the share price down -15.11% since January.
Market capitalization is the total market value of all of a company's outstanding shares.
