44,218 Shares in RLJ Lodging Trust (NYSE:RLJ) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in RLJ Lodging Trust (NYSE:RLJ) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 44,218 shares of the real estate investment trust’s stock, valued at approximately $406,000.

Several other institutional investors have also recently made changes to their positions in RLJ. Quarry LP raised its stake in RLJ Lodging Trust by 197.3% in the second quarter. Quarry LP now owns 5,465 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 3,627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of RLJ Lodging Trust by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 1,564 shares in the last quarter. Ground Swell Capital LLC bought a new stake in shares of RLJ Lodging Trust during the 3rd quarter worth $93,000. Aigen Investment Management LP purchased a new position in RLJ Lodging Trust in the third quarter worth $107,000. Finally, Metis Global Partners LLC increased its stake in RLJ Lodging Trust by 31.0% in the third quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 3,738 shares during the last quarter. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Down 0.6 %

Shares of NYSE RLJ opened at $10.15 on Tuesday. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average of $9.42 and a 200 day moving average of $9.48. RLJ Lodging Trust has a 12-month low of $8.74 and a 12-month high of $12.39. The stock has a market cap of $1.56 billion, a PE ratio of 35.00, a P/E/G ratio of 2.27 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

RLJ has been the topic of several recent research reports. Oppenheimer raised their price target 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 shares of RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $11.00 to $9.00 in a report on Friday, September 13th. Truist Financial cut their price target on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Compass Point lowered shares of RLJ Lodging Trust from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $10.00 in a report on Monday, August 5th. Finally, Wolfe Research cut RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.29.

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.