Breaking Finance News

Suntrust Robinson disclosed RLJ Lodging Trust (NYSE:RLJ), boosting its price target to $22.00 earlier today

Having a price of $22.45, RLJ Lodging Trust (NYSE:RLJ) traded -0.62% lower on the day. With the last stock price up 5.81% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. RLJ has recorded a 50-day average of $21.62 and a two hundred day average of $21.11. Trade Volume was down over the average, with 395,013 shares of RLJ changing hands under the typical 2,052,770

Reporting a potential downside of -0.02%, Suntrust Robinson upped the price target of RLJ Lodging Trust (NYSE:RLJ) to $22.00

On 10/06/2017, Barclays Capital released a statement about RLJ Lodging Trust (NYSE:RLJ) upped the target price from $0.00 to $24.00 that suggested an upside of 0.09%.

Recent Performance Chart

RLJ Lodging Trust (NYSE:RLJ)

RLJ Lodging Trust has PE ratio of 15.41 with a one year low of $18.92 and a one year high of $25.10 and has a market capitalization of $0.

A total of 8 brokerages have issued a ratings update on RLJ Lodging Trust. Four brokerages rating the company a strong buy, three brokerages rating the company a buy, two brokerages rating the company a hold, one brokerage rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $23.63.

General Company Details For RLJ Lodging Trust (NYSE:RLJ)

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. Its hotels' brand affiliations include Residence Inn, Courtyard, SpringHill Suites, Fairfield Inn & Suites, Marriott, Renaissance, Hilton Garden Inn, Hampton Inn/Hampton Inn & Suites, Embassy Suites, DoubleTree, Homewood Suites, Hilton, Hyatt House, Hyatt Place and Hyatt/Hyatt Centric. Its operating partnership is RLJ Lodging Trust, L.P. Its properties include Courtyard San Francisco, Courtyard Boulder Longmont, Residence Inn Longmont Boulder, DoubleTree Grand Key Resort, Courtyard Atlanta Buckhead, Courtyard Chicago Southeast Hammond, Courtyard Louisville Northeast, DoubleTree Hotel Columbia and Residence Inn Detroit Novi.

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