In a report released on August 3, Michael Bellisario from Robert W. Baird maintained a Buy rating on RLJ Lodging (RLJ – Research Report), with a price target of $14.00. The company’s shares closed yesterday at $10.09.
According to TipRanks, Bellisario is a 4-star analyst with an average return of 4.2% and a 45.83% success rate. Bellisario covers the Real Estate sector, focusing on stocks such as Hyatt Hotels, Host Hotels & Resorts, and Pebblebrook Hotel.
In addition to Robert W. Baird, RLJ Lodging also received a Buy from Truist Financial’s Gregory P Miller in a report issued on July 20. However, on the same day, Oppenheimer downgraded RLJ Lodging (NYSE: RLJ) to a Hold.
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RLJ market cap is currently $1.56B and has a P/E ratio of 30.82.
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RLJ Lodging Trust is a real estate investment trust, with interests in hotels. It operates through the following hotel brands: Marriott, Hilton, and Hyatt or Wyndham . The company was founded by Robert L. Johnson on January 31, 2011 and is headquartered in Bethesda, MD.
Read More on RLJ:
- RLJ Lodging Trust sees Q3 adjusted FFO 37c-44c, consensus 39c
- RLJ Lodging Trust reports Q2 adjusted FFO 56c, consensus 53c
- RLJ Lodging Trust price target lowered to $14 from $15 at Barclays
- RLJ Lodging Trust price target lowered to $14 from $15 at Truist
- RLJ Lodging Trust downgraded to Perform from Outperform at Oppenheimer
