In a report released today, Jeffrey Donnelly from Wells Fargo maintained a Hold rating on RLJ Lodging (RLJ). The company’s shares closed yesterday at $20.16.
According to TipRanks.com, Donnelly is a 3-star analyst with an average return of 5.7% and a 61.0% success rate. Donnelly covers the Financial sector, focusing on stocks such as Host Hotels & Resorts, Camden Property Trust, and Equity Residential.
Currently, the analyst consensus on RLJ Lodging is a Moderate Buy with an average price target of $23, implying a 14.1% upside from current levels. In a report issued on November 8, Deutsche Bank also maintained a Hold rating on the stock with a $22 price target.
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The company has a one-year high of $23.97 and a one-year low of $18.68. Currently, RLJ Lodging has an average volume of 1.26M.
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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.
