Barclays Reaffirms Their Hold Rating on RLJ Lodging

Barclays analyst Felicia Hendrix maintained a Hold rating on RLJ Lodging (NYSE: RLJ) yesterday and set a price target of $24. The company’s shares opened today at $21.72.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 7.4% and a 60.3% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Extended Stay America, and Hilton Holdings.

RLJ Lodging has an analyst consensus of Hold, with a price target consensus of $21.25.

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Based on RLJ Lodging’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $27.46 million. In comparison, last year the company had a net profit of $21.54 million.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RLJ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

RLJ Lodging Trust is a real estate investment trust, which is focused on acquiring premium-branded, focused-service and compact full-service hotels. Its portfolio consists of hotels in various states and the District of Columbia.