BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 400,100 Shares of RLJ Lodging Trust (NYSE:RLJ)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 25.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,991,625 shares of the real estate investment trust's stock after purchasing an additional 400,100 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 1.28% of RLJ Lodging Trust worth $18,283,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quarry LP boosted its position in RLJ Lodging Trust by 197.3% during the second quarter. Quarry LP now owns 5,465 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 3,627 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in RLJ Lodging Trust by 34.9% during the third 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 acquiring an additional 1,564 shares during the last quarter. Ground Swell Capital LLC bought a new stake in RLJ Lodging Trust during the third quarter valued at $93,000. Aigen Investment Management LP bought a new position in shares of RLJ Lodging Trust during the 3rd quarter worth about $107,000. Finally, BOKF NA bought a new position in shares of RLJ Lodging Trust during the 1st quarter worth about $139,000. Institutional investors own 92.35% of the company's stock.

Wall Street Analysts Forecast Growth

RLJ has been the topic of a number of research analyst reports. Wells Fargo & Company cut shares of RLJ Lodging Trust from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $11.00 to $9.00 in a research report on Friday, September 13th. Wolfe Research lowered shares of RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a report on Thursday, September 26th. StockNews.com lowered shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Wednesday, November 6th. Truist Financial lowered their target price 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. Finally, Compass Point lowered shares of RLJ Lodging Trust from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $18.00 to $10.00 in a report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.29.

RLJ Lodging Trust Stock Up 1.1 %

NYSE:RLJ traded up $0.11 on Friday, hitting $9.91. The stock had a trading volume of 1,720,754 shares, compared to its average volume of 1,763,816. 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 stock has a market cap of $1.52 billion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 0.93 and a beta of 1.70. RLJ Lodging Trust has a 1 year low of $8.74 and a 1 year high of $12.39. The firm's fifty day simple moving average is $9.34 and its two-hundred day simple moving average is $9.51.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings data 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). RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The firm had revenue of $345.74 million during the quarter, compared to analysts' expectations of $342.93 million. During the same quarter last year, the business posted $0.40 EPS. The company's quarterly revenue was up 3.4% on a year-over-year basis. Analysts predict that RLJ Lodging Trust will post 1.34 earnings per share for the current 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.