RLJ Lodging Trust (NYSE:RLJ) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 79.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,244 shares of the real estate investment trust's stock after selling 219,554 shares during the period. GSA Capital Partners LLP's holdings in RLJ Lodging Trust were worth $535,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of RLJ Lodging Trust by 197.3% during the 2nd 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 shares of RLJ Lodging Trust by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 1,564 shares during the last quarter. Ground Swell Capital LLC bought a new position in RLJ Lodging Trust during the third quarter worth about $93,000. BOKF NA bought a new stake in shares of RLJ Lodging Trust in the first quarter valued at about $139,000. Finally, Lazard Asset Management LLC increased its position in shares of RLJ Lodging Trust by 32.3% in the first quarter. Lazard Asset Management LLC now owns 12,491 shares of the real estate investment trust's stock valued at $147,000 after acquiring an additional 3,052 shares during the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Trading Up 0.2 %

RLJ stock traded up $0.02 during mid-day trading on Wednesday, reaching $9.61. The company had a trading volume of 643,987 shares, compared to its average volume of 1,410,336. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. The company has a market capitalization of $1.47 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 0.91 and a beta of 1.70. The firm has a 50 day moving average of $9.33 and a 200 day moving average of $9.51. RLJ Lodging Trust has a 12 month low of $8.74 and a 12 month high of $12.39.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 EPS 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 company's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. On average, equities analysts predict that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on RLJ shares. Oppenheimer upped their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Wells Fargo & Company downgraded shares of RLJ Lodging Trust from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $11.00 to $9.00 in a report on Friday, September 13th. Compass Point downgraded RLJ Lodging Trust from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $18.00 to $10.00 in a report on Monday, August 5th. StockNews.com downgraded RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Wednesday, November 6th. Finally, Truist Financial cut their price objective on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.