Finally Time To Cut Your Stake? Wells Fargo Downgrades RLJ Lodging (NYSE:RLJ) Shares

August 9, 2018 - By Palma Niemeyer

Investors sentiment decreased to 0.84 in 2018 Q1. Its down 0.29, from 1.13 in 2017Q4. It dropped, as 25 investors sold RLJ Lodging Trust shares while 73 reduced holdings. 24 funds opened positions while 58 raised stakes. 177.98 million shares or 3.36% more from 172.20 million shares in 2017Q4 were reported.

Cbre Clarion Secs Limited Liability Co invested in 1.21M shares. Moreover, Thompson Siegel & Walmsley Ltd Llc has 0.15% invested in RLJ Lodging Trust (NYSE:RLJ). Massachusetts Service Ma reported 32,418 shares. Dimensional Fund Lp owns 2.77 million shares. American Century Cos stated it has 282,744 shares. Proshare Advsrs Ltd Llc, Maryland-based fund reported 66,951 shares. 173,913 are owned by Barclays Public Ltd. Fisher Asset Limited Liability reported 3.34M shares. Numerixs Investment Incorporated has invested 0.03% in RLJ Lodging Trust (NYSE:RLJ). Scopus Asset Limited Partnership has 0.45% invested in RLJ Lodging Trust (NYSE:RLJ). Northern Trust holds 0.02% or 3.07 million shares in its portfolio. Pinebridge Investments L P owns 3,530 shares. The New York-based Morgan Stanley has invested 0.02% in RLJ Lodging Trust (NYSE:RLJ). Aew Cap Management L P reported 2.49 million shares. 74,195 are owned by Voya Inv Mgmt Limited Liability Corporation.

Since March 6, 2018, it had 1 insider purchase, and 0 insider sales for $19,400 activity.

RLJ Lodging (NYSE:RLJ) Receives a Downgrade

The old rating for RLJ Lodging (NYSE:RLJ) shares of a “Outperform” has been discontinued, as research professionals at Wells Fargo downgraded the current rating for RLJ Lodging (NYSE:RLJ) shares to a “Market Perform”.

RLJ Lodging Trust (NYSE:RLJ) Ratings Coverage

Among 4 analysts covering RLJ Lodging (NYSE:RLJ), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. RLJ Lodging has $2600 highest and $21.0 lowest target. $23’s average target is 6.14% above currents $21.67 stock price. RLJ Lodging had 5 analyst reports since March 1, 2018 according to SRatingsIntel. The company was downgraded on Wednesday, August 8 by Wells Fargo. On Wednesday, March 7 the stock rating was maintained by Barclays Capital with “Underweight”. SunTrust maintained RLJ Lodging Trust (NYSE:RLJ) on Friday, March 2 with “Hold” rating. Robert W. Baird maintained the shares of RLJ in report on Thursday, March 1 with “Hold” rating. The rating was upgraded by Barclays Capital to “Buy” on Friday, June 1.

The stock decreased 0.05% or $0.01 during the last trading session, reaching $21.67. About 77,165 shares traded. RLJ Lodging Trust (NYSE:RLJ) has risen 13.12% since August 9, 2017 and is uptrending. It has outperformed by 0.55% the S&P500.

RLJ Lodging Trust is an independent equity real estate investment trust. The company has market cap of $3.79 billion. The firm also manages real estate funds. It has a 54.45 P/E ratio. It invests in the real estate markets of the United States.

More important recent RLJ Lodging Trust (NYSE:RLJ) news were published by: which released: “RLJ Lodging Trust Names Sean M. Mahoney Executive Vice President, Chief Financial Officer and Treasurer” on July 16, 2018, also published article titled: “RLJ Lodging Trust Sets Dates for Second Quarter 2018 Earnings Release and Conference Call”, published: “Recent Analysis Shows Solar Capital, Aclaris Therapeutics, Fidus Investment, NetApp, RLJ Lodging Trust, and …” on July 31, 2018. More interesting news about RLJ Lodging Trust (NYSE:RLJ) was released by: and their article: “RLJ Lodging Trust’s (RLJ) CEO Ross Bierkan on Q2 2018 Results – Earnings Call Transcript” with publication date: August 08, 2018.

RLJ Lodging Trust (NYSE:RLJ) Institutional Positions Chart

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