RLJ Lodging Trust
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap ValueCompany profile

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of September 6, 2018, the Company owned 152 hotels with 29,490 rooms, located in 26 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel. Its hotels' brand affiliations include Residence Inn, Courtyard, SpringHill Suites, Fairfield Inn & Suites, Marriott, Renaissance, Hilton Garden Inn, Hampton Inn/Hampton Inn & Suites, Embassy Suites, DoubleTree, Homewood Suites, Hilton, Hyatt House, Hyatt Place and Hyatt/Hyatt Centric. Its operating partnership is RLJ Lodging Trust, L.P. Its properties include Courtyard San Francisco, Courtyard Boulder Longmont, Residence Inn Longmont Boulder, DoubleTree Grand Key Resort, Courtyard Atlanta Buckhead, Courtyard Chicago Southeast Hammond, Courtyard Louisville Northeast, DoubleTree Hotel Columbia and Residence Inn Detroit Novi.

Closing Price
$26.61
Day's Change
0.01 (0.04%)
Bid
--
Ask
--
B/A Size
--
Day's High
26.66
Day's Low
26.59
Volume
(Below Average)
Volume:
30,617

10-day average volume:
35,579
30,617

Bank stocks sink as yield curve inverts, with Bank of America, Citigroup and Regions leading the losers

7:56 am ET August 14, 2019 (MarketWatch)
Print

Banks stock took a broad hit in premarket trading Wednesday, as an inversion in the closely watched 2-year-10-year Treasury yield spread stoked fears of an impending credit crunch. The SPDR Financial Select Sector ETF (XLF) dropped 1.9% ahead of the open, as all of the components seeing premarket activity lost ground. Among the biggest declines, shares of Regions Financial Corp. (RF) fell 3.2%, Citigroup Inc. (C) slid 3.0% and Bank of America Corp. (BAC) shed 3.0%. Elsewhere, the stocks of J.P. Morgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) both dropped 2.6%, and were the leading early losers among Dow Jones Industrial Average components. Meanwhile, Dow industrials futures tumbled 344 points, or 1.3%. An inverted yield curve (http://www.marketwatch.com/story/the-us-treasury-2-10-year-yield-spread-is-about-to-invert-and-that-means-stocks-are-on-borrowed-time-says-baml-2019-08-13) can hurt bank profits, as it can make the usual practice of borrowing shorter term to lend longer term is no longer profitable.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 14, 2019 07:56 ET (11:56 GMT)

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