Jane Street Group LLC Acquires 65,398 Shares of RLJ Lodging Trust (NYSE:RLJ)

Jane Street Group LLC boosted its holdings in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 44.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,482 shares of the real estate investment trust's stock after acquiring an additional 65,398 shares during the quarter. Jane Street Group LLC owned 0.14% of RLJ Lodging Trust worth $1,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in RLJ Lodging Trust by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 980,894 shares of the real estate investment trust's stock valued at $9,446,000 after buying an additional 51,981 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in RLJ Lodging Trust by 87.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 22,427 shares of the real estate investment trust's stock worth $216,000 after buying an additional 10,483 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in RLJ Lodging Trust by 2.4% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,591,525 shares of the real estate investment trust's stock valued at $15,326,000 after buying an additional 37,137 shares during the last quarter. Picton Mahoney Asset Management bought a new position in RLJ Lodging Trust during the 2nd quarter valued at $158,000. Finally, Wolverine Asset Management LLC boosted its holdings in RLJ Lodging Trust by 219.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 25,600 shares of the real estate investment trust's stock worth $247,000 after acquiring an additional 17,589 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors and hedge funds.

RLJ Lodging Trust Stock Performance

NYSE:RLJ traded up $0.11 on Wednesday, reaching $10.28. 577,044 shares of the company's stock were exchanged, compared to its average volume of 1,448,926. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 35.45, a P/E/G ratio of 2.31 and a beta of 1.72. 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 stock has a fifty day simple moving average of $9.80 and a 200-day simple moving average of $9.53. RLJ Lodging Trust has a 52 week low of $8.74 and a 52 week high of $12.39.

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 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 company had revenue of $345.74 million during the quarter, compared to the consensus estimate of $342.93 million. During the same period in the previous year, the business earned $0.40 earnings per share. RLJ Lodging Trust's revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts predict that RLJ Lodging Trust will post 1.34 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend is Tuesday, December 31st. RLJ Lodging Trust's payout ratio is 206.90%.

Analyst Ratings Changes

A number of research firms recently weighed in on RLJ. 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 report on Monday, October 28th. StockNews.com raised shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Oppenheimer upped their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Wolfe Research downgraded RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 26th. Finally, Wells Fargo & Company boosted their price objective on RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an "underweight" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, RLJ Lodging Trust presently has a consensus rating of "Hold" and a consensus target price of $11.50.

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.