RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 11.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 897,125 shares of the real estate investment trust's stock after selling 118,877 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.59% of RLJ Lodging Trust worth $8,236,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RLJ. Quarry LP grew its stake 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 worth $53,000 after purchasing an additional 3,627 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of RLJ Lodging Trust by 34.9% during 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 period. Ground Swell Capital LLC acquired a new stake in shares of RLJ Lodging Trust during the 3rd quarter worth approximately $93,000. Aigen Investment Management LP acquired a new stake in shares of RLJ Lodging Trust during the 3rd quarter worth approximately $107,000. Finally, Metis Global Partners LLC grew its stake in shares of RLJ Lodging Trust by 31.0% during the 3rd quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 3,738 shares during the period. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Trading Down 1.0 %

Shares of NYSE RLJ traded down $0.11 during trading on Friday, hitting $10.43. 1,487,983 shares of the company were exchanged, compared to its average volume of 1,434,757. RLJ Lodging Trust has a 12-month low of $8.74 and a 12-month high of $12.39. 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 company has a fifty day moving average price of $9.48 and a 200-day moving average price of $9.50. The firm has a market capitalization of $1.60 billion, a PE ratio of 35.97, a P/E/G ratio of 2.38 and a beta of 1.72.

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 company had revenue of $345.74 million for the quarter, compared to analysts' expectations of $342.93 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm's revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that RLJ Lodging Trust will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wolfe Research cut shares of RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 26th. Oppenheimer lifted their price target on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Truist Financial dropped 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. Wells Fargo & Company cut shares of RLJ Lodging Trust from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $11.00 to $9.00 in a research note on Friday, September 13th. Finally, StockNews.com cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $11.29.

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.