In a report released today, Floris van Dijkum from Boenning & Scattergood maintained a Sell rating on RLJ Lodging (NYSE: RLJ), with a price target of $19. The company’s shares closed yesterday at $22.10.
van Dijkum noted:
“We maintain our Underperform rating and await more progress on dispositions and deleveraging, though the relative NAV discount is within its range compared to historical levels.”
According to TipRanks.com, Dijkum is a 2-star analyst with an average return of 1.4% and a 56.1% success rate. Dijkum covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Retail Properties of America Inc, and General Growth Properties Inc.
RLJ Lodging has an analyst consensus of Hold, with a price target consensus of $21.25.
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The company has a one-year high of $23.96 and a one-year low of $18.68. Currently, RLJ Lodging has an average volume of 1.49M.
Based on the recent corporate insider activity of 81 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.
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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.
