Charles Schwab Investment Management Inc. Grows Holdings in RLJ Lodging Trust (NYSE:RLJ)

Charles Schwab Investment Management Inc. boosted its position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,592,272 shares of the real estate investment trust's stock after buying an additional 170,484 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.32% of RLJ Lodging Trust worth $32,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in shares of RLJ Lodging Trust in the third quarter worth about $406,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of RLJ Lodging Trust by 25.1% in the third 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 in the last quarter. Metis Global Partners LLC lifted its stake in shares of 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 worth $145,000 after buying an additional 3,738 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of RLJ Lodging Trust in the third quarter worth about $107,000. Finally, Wolverine Asset Management LLC lifted its stake in shares of RLJ Lodging Trust by 75.0% in the third quarter. Wolverine Asset Management LLC now owns 44,806 shares of the real estate investment trust's stock worth $411,000 after buying an additional 19,206 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Stock Down 0.7 %

NYSE RLJ traded down $0.08 on Wednesday, hitting $10.60. 1,654,852 shares of the stock were exchanged, compared to its average volume of 1,432,527. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a fifty-two week low of $8.74 and a fifty-two week high of $12.39. The company has a market cap of $1.63 billion, a PE ratio of 36.79, a PEG ratio of 2.26 and a beta of 1.72. The company has a 50-day moving average price of $9.44 and a 200-day moving average price of $9.48.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted 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). 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 for the quarter, compared to analyst estimates of $342.93 million. During the same quarter last year, the firm earned $0.40 EPS. The company's revenue was up 3.4% on a year-over-year basis. Sell-side analysts anticipate that RLJ Lodging Trust will post 1.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on RLJ. StockNews.com downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, November 6th. Wolfe Research downgraded shares of RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 26th. Wells Fargo & Company downgraded shares of RLJ Lodging Trust from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $11.00 to $9.00 in a research note on Friday, September 13th. Oppenheimer lifted 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. Finally, Truist Financial reduced 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 research note on Monday, October 28th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $11.29.

RLJ Lodging Trust Company 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.