BNP Paribas Financial Markets Sells 10,407 Shares of RLJ Lodging Trust (NYSE:RLJ)

BNP Paribas Financial Markets lowered its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 11.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,441 shares of the real estate investment trust’s stock after selling 10,407 shares during the period. BNP Paribas Financial Markets’ holdings in RLJ Lodging Trust were worth $738,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of RLJ Lodging Trust by 5.0% during the third 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 last quarter. Inspire Investing LLC boosted its holdings in shares of RLJ Lodging Trust by 22.3% during the 3rd quarter. Inspire Investing LLC now owns 44,682 shares of the real estate investment trust’s stock valued at $410,000 after acquiring an additional 8,136 shares in the last quarter. Creative Planning bought a new stake in RLJ Lodging Trust during the 3rd quarter worth $275,000. Quest Partners LLC increased its holdings in RLJ Lodging Trust by 345.1% in the 2nd quarter. Quest Partners LLC now owns 128,274 shares of the real estate investment trust’s stock worth $1,235,000 after purchasing an additional 99,455 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its position in RLJ Lodging Trust by 131.1% in the second 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 purchasing an additional 1,878,616 shares during the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RLJ shares. Oppenheimer upped their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Wolfe Research cut shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. Wells Fargo & Company lifted their price target on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an “underweight” rating in a report on Monday. StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Finally, Truist Financial cut their target price on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.50.

RLJ Lodging Trust Stock Performance

Shares of RLJ stock opened at $10.48 on Friday. The firm’s 50 day moving average is $9.61 and its 200 day moving average is $9.51. The stock has a market capitalization of $1.61 billion, a P/E ratio of 36.14, a PEG ratio of 2.32 and a beta of 1.72. RLJ Lodging Trust has a 12 month low of $8.74 and a 12 month high of $12.39. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly 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 return on equity of 3.58% and a net margin of 5.19%. The firm had revenue of $345.74 million during the quarter, compared to analysts’ expectations of $342.93 million. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate 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.