Barclays Capital Gives Overweight Rating to RLJ Lodging Trust (RLJ)

By admin | 6 years ago

RLJ Lodging Trust (NYSE: RLJ)‘s stock had its “overweight” rating restated by equities researchers at Barclays Capital (NYSE: BCS) in a report issued on Wednesday.

RLJ Lodging Trust traded down 1.13% on Wednesday, hitting $17.56. 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 $1.850 billion and a price-to-earnings ratio of 92.02.

RLJ Lodging Trust last released its earnings data on Thursday, May 10th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.07. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that RLJ Lodging Trust will post $0.14 EPS next quarter.

RLJ has been the subject of a number of other recent research reports. Analysts at Compass Point reiterated a “buy” rating on shares of RLJ Lodging Trust in a research note to investors on Wednesday, May 16th. 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.

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