What 5 Analyst Ratings Have To Say About RLJ Lodging
Portfolio Pulse from Benzinga Insights
RLJ Lodging (NYSE:RLJ) has received mixed analyst ratings over the past three months, with a total of 5 analysts offering their perspectives. The recent ratings show a shift towards a more bullish outlook, with the average 12-month price target now at $13.7, an 11.11% increase from the previous average of $12.33. Analysts from Wolfe Research, Oppenheimer, Truist Securities, and Wells Fargo have provided ratings ranging from 'Outperform' to 'Equal-Weight' and adjusted their price targets accordingly. RLJ Lodging Trust is a real estate investment trust with a portfolio of hotels under major brands, and it has shown positive revenue growth and strong profitability metrics such as net margin and ROE.
January 10, 2024 | 3:01 pm
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RLJ Lodging has received mixed analyst ratings with a recent shift towards a bullish sentiment. The average 12-month price target has increased to $13.7, indicating a positive outlook for the stock. The company's strong financial performance, including revenue growth and profitability, may contribute to a favorable investor perception.
The increase in the average price target and the positive financial indicators such as revenue growth, net margin, and ROE suggest that analysts are optimistic about RLJ Lodging's future performance. This optimism, reflected in the recent analyst ratings and price target adjustments, is likely to have a positive short-term impact on RLJ's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100