U.S. Markets closed

The Zacks Analyst Blog Highlights: RLJ Lodging Trust, Coca-Cola, UPS, Home Depot and Delta Air Lines

Zacks Equity Research

For Immediate Release

Chicago, IL – August 22, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the RLJ Lodging Trust (RLJ-Free Report), The Coca-Cola Company (KO-Free Report), UPS (UPS-Free Report), The Home Depot, Inc. (HD-Free Report), and Delta Air Lines Inc. (DAL-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday’s Analyst Blog:

RLJ Lodging Acquires Atlanta Hotel

RLJ Lodging Trust (RLJ-Free Report) purchased a hotel – Residence Inn Atlanta Midtown Historic – in Atlanta, Ga. through a foreclosure sale. The move helped the company to add a premium asset to its portfolio at a substantial discount to its replacement cost.

In particular, RLJ Lodging purchased a mortgage loan in Nov 2009 for around $5.0 million. The loan was collateralized by this 78-room Residence Inn Atlanta Midtown Historic. With the borrower defaulting on the loan early this year, RLJ Lodging acquired the property through a bid that equaled the company’s basis in the mortgage loan.   

Having around 16.5 million square feet of total office space within close proximity, the hotel is expected to benefit greatly from the corporate demand. Headquarters of notable companies like The Coca-Cola Company (KO
-Free Report), UPS (UPS-Free Report), The Home Depot, Inc. (HD-Free Report), and Delta Air Lines Inc. (DAL-Free Report) are located here. Also, the Federal Reserve Bank of Atlanta, Georgia Institute of Technology, Equifax, Norfolk Southern and PricewaterhouseCoopers are positioned nearby.

Regarded as one of the top convention destinations in the U.S. as well as a premier entertainment district, the Atlanta market opens up opportunities for the company to boost its top line.
Later this year, RLJ Lodging plans to close down the hotel and make a comprehensive renovation. It will reopen in the third quarter of 2014 and the company estimates investments (including capital expenditures) to lead to a forward capitalization rate of about 12% based on the 2015 net operating income of the hotel.

With the acquisition of the above-mentioned property, RLJ Lodging now owns 150 properties, including 148 hotels and 2 planned hotel conversions, located in 22 states and the District of Columbia.

We expect the acquired property’s RevPAR to gain from the diverse economy of Atlanta that also serves as a gateway to the southeast. Also, its acquisition at a favorable price is encouraging.

Currently, RLJ Lodging carries a Zacks Rank #2 (Buy).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on RLJ - FREE

Get the full Report on KO - FREE

Get the full Report on UPS - FREE

Get the full Report on HD - FREE

Get the full Report on DAL - FREE

Follow us on Twitter: https://twitter.com/zacksresearch

Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339



Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Read the analyst report on RLJ

Read the analyst report on KO

Read the analyst report on UPS

Read the analyst report on HD

Read the analyst report on DAL

Zacks Investment Research

More From Zacks.com