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Deutsche Bank Sticks to Their Hold Rating for RLJ Lodging Trust

Investing.com
·1 min read


Deutsche Bank (DE:DBKGn) analyst Chris Woronka maintained a Hold rating on RLJ Lodging (NYSE:RLJ) Trust on Tuesday, setting a price target of $8, which is approximately 5.44% below the present share price of $8.46.

Woronka expects RLJ Lodging Trust to post earnings per share (EPS) of -$0.21 for the second quarter of 2020.

The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in RLJ Lodging, with an average price target of $10.33.
The analysts price targets range from a high of $14 to a low of $7.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $265.48 million and a net profit of -$12.39 million. The company's market cap is $1.4 billion.

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According to TipRanks.com, Deutsche Bank analyst Chris Woronka is ranked 0 out of 5 stars with an average return of -13.8% and a 33.7% success rate.

RLJ Lodging Trust is a real estate investment trust, with interests in hotels. It operates through the following hotel brands: Marriott, Hilton, and Hyatt or Wyndham . The company was founded by Robert L. Johnson on January 31, 2011 and is headquartered in Bethesda, MD.