Robert W. Baird analyst Michael Bellisario reiterated a Buy rating on RLJ Lodging (RLJ) on November 28 and set a price target of $24. The company’s shares closed yesterday at $20.20.
According to TipRanks.com, Bellisario is a 3-star analyst with an average return of 3.2% and a 51.1% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts Inc, Ashford Hospitality Trust, and Hersha Hospitality Trust.
RLJ Lodging has an analyst consensus of Moderate Buy, with a price target consensus of $23, a 13.9% upside from current levels. In a report issued on November 13, RBC Capital also maintained a Buy rating on the stock with a $24 price target.
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RLJ Lodging’s market cap is currently $3.54B and has a P/E ratio of 25.93. The company has a Price to Book ratio of 1.11.
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RLJ Lodging Trust is a real estate investment trust, with interests in hotels. It operates through the Marriott, Hilton, and Hyatt or Wyndham hotel brands. The company was founded by Robert L. Johnson on January 31, 2011 and is headquartered in Bethesda, MD.
