Compass Point Reaffirms Buy Rating on RLJ Lodging Trust (RLJ)
RLJ Lodging Trust traded down 1.70% on Wednesday, hitting $17.95. RLJ Lodging Trust has a 1-year low of $11.66 and a 1-year high of $19.75. The company has a market cap of $1.914 billion and a price-to-earnings ratio of 94.61.
RLJ Lodging Trust last released its earnings data on Thursday, May 10th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.07. RLJ Lodging Trust’s revenue was up 8.9% compared to the same quarter last year. Analysts expect that RLJ Lodging Trust will post $0.14 EPS next quarter.
Separately, analysts at Janney Montgomery Scott upgraded shares of RLJ Lodging Trust from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, March 8th.
RLJ Lodging Trust, together with its consolidated subsidiaries, including RLJ Lodging Trust, L.P. (operating partnership), is a self-advised and self-administered real estate investment trust (REIT), which invests in premium-branded, focused-service and compact full-service hotels.