RLJ Lodging Trust (NYSE:RLJ) Institutional Investors Sentiment

July 18, 2017 - By Marguerite Chambers

 RLJ Lodging Trust (NYSE:RLJ) Institutional Investors Sentiment

Sentiment for RLJ Lodging Trust (NYSE:RLJ)

RLJ Lodging Trust (NYSE:RLJ) institutional sentiment decreased to 1 in 2016 Q4. Its down -0.47, from 1.47 in 2016Q3. The ratio is negative, as 91 active investment managers opened new or increased stock positions, while 91 sold and decreased stock positions in RLJ Lodging Trust. The active investment managers in our partner’s database now possess: 120.15 million shares, down from 126.10 million shares in 2016Q3. Also, the number of active investment managers holding RLJ Lodging Trust in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 21 Reduced: 70 Increased: 66 New Position: 25.

RLJ Lodging Trust is a self-administered real estate investment trust. The company has market cap of $2.86 billion. The Firm is engaged in the acquisition of focused-service and compact full-service hotels. It has a 17.59 P/E ratio. 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.

The stock increased 7.99% or $1.57 on July 17, reaching $21.23. About shares traded. RLJ Lodging Trust (NYSE:RLJ) has risen 6.15% since July 18, 2016 and is uptrending. It has underperformed by 10.55% the S&P500.

Green Street Investors Llc holds 4.63% of its portfolio in RLJ Lodging Trust for 188,400 shares. Kestrel Investment Management Corp owns 322,300 shares or 2.94% of their US portfolio. Moreover, Lasalle Investment Management Securities Llc has 1.79% invested in the company for 6.95 million shares. The Texas-based Hillcrest Asset Management Llc has invested 1.62% in the stock. Profit Investment Management Llc, a Maryland-based fund reported 54,959 shares.#img1#

RLJ Lodging Trust (NYSE:RLJ) Ratings Coverage

Ratings analysis reveals 43% of RLJ Lodging Trust’s analysts are positive. Out of 14 Wall Street analysts rating RLJ Lodging Trust, 6 give it “Buy”, 4 “Sell” rating, while 4 recommend “Hold”. The lowest target is $19.5000 while the high is $36. The stock’s average target of $26.59 is 25.25% above today’s ($21.23) share price. RLJ was included in 28 notes of analysts from August 7, 2015. Raymond James downgraded the shares of RLJ in report on Wednesday, April 27 to “Market Perform” rating. Barclays Capital maintained RLJ Lodging Trust (NYSE:RLJ) rating on Wednesday, March 9. Barclays Capital has “Underweight” rating and $24 target. The firm has “Underweight” rating given on Friday, December 18 by Barclays Capital. Boenning & Scattergood maintained RLJ Lodging Trust (NYSE:RLJ) on Wednesday, April 19 with “Underperform” rating. Canaccord Genuity maintained the shares of RLJ in report on Tuesday, August 11 with “Buy” rating. The firm has “Sell” rating given on Tuesday, January 19 by Ladenburg Thalmann. The firm earned “Underperform” rating on Thursday, May 19 by Bank of America. The rating was downgraded by Barclays Capital on Wednesday, August 12 to “Overweight”. The firm has “Underperform” rating given on Wednesday, August 12 by Bank of America. The stock of RLJ Lodging Trust (NYSE:RLJ) has “Hold” rating given on Tuesday, September 22 by Zacks.

More recent RLJ Lodging Trust (NYSE:RLJ) news were published by: Businesswire.com which released: “RLJ Lodging Trust and FelCor Lodging Trust Announce Special Meetings of …” on June 24, 2017. Also Law360.com published the news titled: “FelCor Hit With Investor Suit Over Merger With RLJ Lodging” on June 27, 2017. Fool.com‘s news article titled: “Why Sears Holdings, Chuy’s Holdings, and RLJ Lodging Trust Jumped Today” with publication date: July 17, 2017 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.