NEW YORK (
) is trading at unusually high volume Friday with 1.1 million shares changing hands. It is currently at 4.3 times its average daily volume and trading down 39 cents (-2.2%) at $17.46 as of 1:15 p.m. ET.
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RLJ has a market cap of $1.93 billion and is part of the
industry. Shares are up 6.1% year to date as of the close of trading on Thursday.
RLJ Lodging Trust is an independent equity real estate investment trust. The firm also manages real estate funds. It invests in the real estate markets of the United States. The firm primarily invests in premium-branded, focused service, and compact full-service hotels.
TheStreet Ratings rates RLJ as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full
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