Atom Investors LP Has $1.36 Million Stock Position in RLJ Lodging Trust (NYSE:RLJ)

Atom Investors LP boosted its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 106.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 147,920 shares of the real estate investment trust’s stock after purchasing an additional 76,112 shares during the quarter. Atom Investors LP’s holdings in RLJ Lodging Trust were worth $1,358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RLJ. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of RLJ Lodging Trust by 294.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 841,753 shares of the real estate investment trust’s stock worth $7,727,000 after acquiring an additional 628,157 shares in the last quarter. Cerity Partners LLC lifted its position in shares of RLJ Lodging Trust by 12.3% in the 3rd quarter. Cerity Partners LLC now owns 55,310 shares of the real estate investment trust’s stock valued at $508,000 after acquiring an additional 6,039 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in RLJ Lodging Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust’s stock worth $32,977,000 after purchasing an additional 170,484 shares during the period. Intech Investment Management LLC purchased a new position in RLJ Lodging Trust during the 3rd quarter worth approximately $406,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in RLJ Lodging Trust by 25.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,991,625 shares of the real estate investment trust’s stock valued at $18,283,000 after purchasing an additional 400,100 shares during the period. Institutional investors and hedge funds own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on RLJ shares. Oppenheimer raised their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Wells Fargo & Company lowered RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $11.00 to $9.00 in a research report on Friday, September 13th. StockNews.com downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Wolfe Research cut shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. Finally, Truist Financial dropped their price objective on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, RLJ Lodging Trust has a consensus rating of “Hold” and an average target price of $11.29.

RLJ Lodging Trust Trading Down 0.6 %

Shares of NYSE RLJ opened at $10.15 on Tuesday. The business has a 50 day simple moving average of $9.42 and a 200 day simple moving average of $9.48. RLJ Lodging Trust has a 52 week low of $8.74 and a 52 week high of $12.39. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.27 and a beta of 1.72. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74.

RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.23). RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The business had revenue of $345.74 million during the quarter, compared to analyst estimates of $342.93 million. During the same quarter last year, the firm earned $0.40 earnings per share. RLJ Lodging Trust’s revenue was up 3.4% compared to the same quarter last year. On average, research analysts predict that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.