UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 628,157 Shares of RLJ Lodging Trust (NYSE:RLJ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in RLJ Lodging Trust (NYSE:RLJ) by 294.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 841,753 shares of the real estate investment trust’s stock after acquiring an additional 628,157 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in RLJ Lodging Trust were worth $7,727,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RLJ. Donald Smith & CO. Inc. raised its stake in RLJ Lodging Trust by 131.1% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,311,274 shares of the real estate investment trust’s stock valued at $31,888,000 after acquiring an additional 1,878,616 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in 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 buying an additional 400,100 shares during the period. Lighthouse Investment Partners LLC boosted its holdings in RLJ Lodging Trust by 50.9% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 860,000 shares of the real estate investment trust’s stock worth $8,282,000 after buying an additional 290,000 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 170,484 shares during the period. Finally, LSV Asset Management boosted its holdings in 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 buying an additional 152,395 shares during the period. 92.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RLJ shares. Wells Fargo & Company increased their target price on RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an “underweight” rating in a research report on Monday. Truist Financial reduced their target price on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday. Wolfe Research lowered shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. Finally, Oppenheimer increased their target price on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.50.

RLJ Lodging Trust Stock Up 0.9 %

Shares of NYSE:RLJ opened at $10.53 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a fifty day moving average of $9.53 and a 200 day moving average of $9.49. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week high of $12.39. The firm has a market capitalization of $1.61 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 2.32 and a beta of 1.72.

RLJ Lodging Trust (NYSE:RLJ) last announced 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). The firm had revenue of $345.74 million for the quarter, compared to analysts’ expectations of $342.93 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. As a group, research analysts anticipate that RLJ Lodging Trust will post 1.34 EPS for the current fiscal year.

RLJ Lodging Trust Profile

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.