Atom Investors LP Increases Stake in RLJ Lodging Trust (NYSE:RLJ)

Atom Investors LP raised its stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 106.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,920 shares of the real estate investment trust's stock after acquiring an additional 76,112 shares during the quarter. Atom Investors LP owned approximately 0.10% of RLJ Lodging Trust worth $1,358,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of RLJ Lodging Trust by 294.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 841,753 shares of the real estate investment trust's stock valued at $7,727,000 after purchasing an additional 628,157 shares during the period. Cerity Partners LLC increased its holdings in RLJ Lodging Trust by 12.3% in the third quarter. Cerity Partners LLC now owns 55,310 shares of the real estate investment trust's stock valued at $508,000 after buying an additional 6,039 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of RLJ Lodging Trust by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust's stock worth $32,977,000 after acquiring an additional 170,484 shares during the period. Intech Investment Management LLC purchased a new stake in shares of RLJ Lodging Trust during the 3rd quarter worth about $406,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of RLJ Lodging Trust by 25.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,991,625 shares of the real estate investment trust's stock valued at $18,283,000 after acquiring an additional 400,100 shares during the period. Hedge funds and other institutional investors own 92.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Oppenheimer increased their price target on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. StockNews.com lowered RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, November 6th. Truist Financial cut their price target on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating for the company in a report on Monday, October 28th. Compass Point downgraded RLJ Lodging Trust from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $18.00 to $10.00 in a research note on Monday, August 5th. Finally, Wolfe Research downgraded RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 26th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $11.29.

RLJ Lodging Trust Trading Up 5.4 %

RLJ traded up $0.55 during mid-day trading on Tuesday, hitting $10.70. 1,450,040 shares of the stock were exchanged, compared to its average volume of 1,420,360. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. The company has a market cap of $1.64 billion, a PE ratio of 37.28, a PEG ratio of 2.27 and a beta of 1.72. The firm's fifty day moving average is $9.43 and its two-hundred day moving average is $9.48. RLJ Lodging Trust has a 1-year low of $8.74 and a 1-year high of $12.39.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share (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 business had revenue of $345.74 million for the quarter, compared to analyst estimates of $342.93 million. During the same quarter last year, the company earned $0.40 earnings per share. RLJ Lodging Trust's quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts forecast that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

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.