RLJ Lodging (RLJ) Investors: Boenning & Scattergood Maintains Sell Rating, Sees $19.5000/Share; Xenith Bankshares (XBKS) Shorts Up By 9.12%

July 18, 2017 - By Adrian Mccoy

Among 14 analysts covering RLJ Lodging Trust (NYSE:RLJ), 6 have Buy rating, 4 Sell and 4 Hold. Therefore 43% are positive. RLJ Lodging Trust has $36 highest and $19.5000 lowest target. $26.59’s average target is 25.25% above currents $21.23 stock price. RLJ Lodging Trust had 28 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of RLJ Lodging Trust (NYSE:RLJ) has “Market Perform” rating given on Wednesday, April 27 by Raymond James. As per Wednesday, March 23, the company rating was maintained by Credit Suisse. The company was maintained on Wednesday, April 19 by Boenning & Scattergood. RBC Capital Markets maintained the shares of RLJ in report on Friday, June 23 with “Buy” rating. On Wednesday, June 14 the stock rating was maintained by Boenning & Scattergood with “Sell”. The rating was downgraded by Canaccord Genuity on Friday, July 15 to “Hold”. As per Wednesday, August 12, the company rating was downgraded by Bank of America. Compass Point maintained RLJ Lodging Trust (NYSE:RLJ) rating on Friday, August 7. Compass Point has “Buy” rating and $36 target. The firm has “Underweight” rating given on Wednesday, March 9 by Barclays Capital. Compass Point maintained the stock with “Buy” rating in Friday, November 6 report.

Xenith Bankshares Incorporated (NASDAQ:XBKS) had an increase of 9.12% in short interest. XBKS’s SI was 305,100 shares in July as released by FINRA. Its up 9.12% from 279,600 shares previously. With 116,700 avg volume, 3 days are for Xenith Bankshares Incorporated (NASDAQ:XBKS)’s short sellers to cover XBKS’s short positions. The stock decreased 0.59% or $0.18 during the last trading session, reaching $30.44. About shares traded. Xenith Bankshares Inc (NASDAQ:XBKS) has risen 53.54% since July 18, 2016 and is uptrending. It has outperformed by 36.84% the S&P500.

Xenith Bankshares, Inc., formerly Hampton Roads Bankshares, Inc., is a bank holding firm for Xenith Bank. The company has market cap of $698.62 million. Xenith Bank is a commercial bank specifically targeting the banking needs of middle market and small businesses, local real estate developers and investors, and retail banking clients. It has a 11.11 P/E ratio. Xenith Bank’s regional area of activities spans from Baltimore, Maryland, to Raleigh and eastern North Carolina, complementing its presence in greater Washington, D.C., greater Richmond, Virginia, and greater Hampton Roads, Virginia.

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.47, from 1.47 in 2016Q3. It dived, as 21 investors sold RLJ Lodging Trust shares while 70 reduced holdings. 25 funds opened positions while 66 raised stakes. 120.15 million shares or 4.72% less from 126.10 million shares in 2016Q3 were reported. 40,084 were accumulated by Cap Impact Advsr Ltd Liability Com. Aew Mgmt L P accumulated 1.50 million shares. Blackrock Invest Llc holds 497,111 shares or 0.01% of its portfolio. Los Angeles Cap Mgmt Equity Rech holds 0% of its portfolio in RLJ Lodging Trust (NYSE:RLJ) for 24,024 shares. Dimensional Fund Advsrs L P invested in 1.72M shares. Legal And General Group Public Ltd Company holds 351,387 shares or 0.01% of its portfolio. Advantus Capital has invested 0.26% in RLJ Lodging Trust (NYSE:RLJ). Glenmede Trust Na has 0.01% invested in RLJ Lodging Trust (NYSE:RLJ). Palisade Mgmt Ltd Liability Nj has invested 0.54% in RLJ Lodging Trust (NYSE:RLJ). Kanaly accumulated 117 shares. Cubist Systematic Strategies Ltd Liability has invested 0.02% in RLJ Lodging Trust (NYSE:RLJ). Hsbc Plc invested in 0% or 34,183 shares. Vanguard Gru accumulated 19.29M shares. Northwestern Mutual Wealth accumulated 100 shares. Counselors Inc holds 213,872 shares.

Analysts await RLJ Lodging Trust (NYSE:RLJ) to report earnings on August, 2. They expect $0.68 EPS, down 17.07% or $0.14 from last year’s $0.82 per share. RLJ’s profit will be $91.61 million for 7.81 P/E if the $0.68 EPS becomes a reality. After $0.52 actual EPS reported by RLJ Lodging Trust for the previous quarter, Wall Street now forecasts 30.77% EPS growth.

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