RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 45.7% in the third quarter, Holdings Channel.com reports. The firm owned 48,228 shares of the real estate investment trust’s stock after selling 40,529 shares during the period. Quantbot Technologies LP’s holdings in RLJ Lodging Trust were worth $443,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in RLJ. Donald Smith & CO. Inc. increased its stake in shares of RLJ Lodging Trust by 46.6% in the third quarter. Donald Smith & CO. Inc. now owns 4,855,122 shares of the real estate investment trust’s stock worth $44,570,000 after buying an additional 1,543,848 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in RLJ Lodging Trust by 5.0% during 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 acquiring an additional 170,484 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of RLJ Lodging Trust by 25.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,991,625 shares of the real estate investment trust’s stock worth $18,283,000 after purchasing an additional 400,100 shares during the last quarter. LSV Asset Management increased its position in shares of RLJ Lodging Trust by 9.8% in the 2nd quarter. LSV Asset Management now owns 1,699,595 shares of the real estate investment trust’s stock worth $16,367,000 after purchasing an additional 152,395 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of RLJ Lodging Trust by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 980,894 shares of the real estate investment trust’s stock valued at $9,446,000 after purchasing an additional 51,981 shares in the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on RLJ. Oppenheimer boosted their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. StockNews.com cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Truist Financial decreased their price objective on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th. 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, Wells Fargo & Company lowered shares of RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $11.00 to $9.00 in a report on Friday, September 13th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, RLJ Lodging Trust has a consensus rating of “Hold” and a consensus price target of $11.29.

RLJ Lodging Trust Stock Up 5.1 %

RLJ Lodging Trust stock opened at $10.67 on Wednesday. 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 has a one year low of $8.74 and a one year high of $12.39. The company has a 50-day simple moving average of $9.43 and a 200-day simple moving average of $9.48. The firm has a market capitalization of $1.64 billion, a P/E ratio of 36.79, a P/E/G ratio of 2.26 and a beta of 1.72.

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