RLJ Lodging Trust (NYSE:RLJ) has been downgraded to Hold in a report by TheStreet today.
- Updated: September 24, 2016
Only yesterday RLJ Lodging Trust (NYSE:RLJ) traded 0.14% higher at $21.53. RLJ’s 50-day average is $22.75 and its two hundred day average is $22.06. The last closing price is down -0.74% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 737,833 shares of RLJ Lodging Trust exchanged hands, down from an avg. volume of 1,102,190
TheStreet has downgraded RLJ Lodging Trust (NYSE:RLJ) to Hold in a statement released on 9/20/2016.
Previously on Monday August 08, 2016, Robert W. Baird reported about RLJ Lodging Trust (NYSE:RLJ) dropped the target price from $25.00 to $24.00. At the time, this indicated a possible upside of 0.01%.
Recent Performance Chart
RLJ Lodging Trust has PE ratio of 13.90 with a 52 week low of $16.15 and a 52 week high of $27.52 and has a market cap of $0.
Also covering RLJ Lodging Trust's price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $23.63 with 4 analysts rating the company a strong buy, three equity analysts rating the company a buy, two brokerages rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 firm rating the stock a sell.
About RLJ Lodging Trust (NYSE:RLJ)
RLJ Lodging Trust is a real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. The Company owns approximately 130 hotels with over 20,900 rooms, located in approximately 20 states and the District of Columbia, and an interest in a mortgage loan secured by a hotel. Its hotels' brand affiliations include Residence Inn, Courtyard, SpringHill Suites, Marriott and Renaissance by Marriott; Hilton Garden Inn, Embassy Suites, DoubleTree, Hilton and Homewood Suites by Hilton, and Hyatt House, Hyatt Place and Hyatt by Hyatt. Its operating partnership is RLJ Lodging Trust, L.P. The Company's properties include Courtyard San Francisco, Hyatt House Cypress Anaheim, Hyatt House Emeryville San Francisco Bay Area, Hyatt House San Ramon and Hyatt House Santa Clara in California, and Renaissance Boulder Flatiron Hotel, Residence Inn Boulder Louisville, Residence Inn Longmont Boulder and SpringHill Suites Boulder Longmont in Colorado.
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