UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in RLJ Lodging Trust (NYSE:RLJ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 294.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 841,753 shares of the real estate investment trust's stock after purchasing an additional 628,157 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.55% of RLJ Lodging Trust worth $7,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP boosted its position in RLJ Lodging Trust by 197.3% during the second quarter. Quarry LP now owns 5,465 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 3,627 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of RLJ Lodging Trust by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 1,564 shares during the period. Ground Swell Capital LLC acquired a new position in RLJ Lodging Trust in the third quarter valued at $93,000. Aigen Investment Management LP purchased a new position in RLJ Lodging Trust during the third quarter worth about $107,000. Finally, Metis Global Partners LLC boosted its stake in RLJ Lodging Trust by 31.0% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 92.35% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial dropped their price objective on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Oppenheimer upped their price target on shares of 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 upgraded shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Friday. Wells Fargo & Company boosted their price objective on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the company an "underweight" rating in a research note on Monday. Finally, Wolfe Research lowered RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 26th. 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.com, the company has an average rating of "Hold" and a consensus price target of $11.50.

RLJ Lodging Trust Stock Up 0.5 %

NYSE RLJ traded up $0.06 during trading hours on Tuesday, hitting $10.59. The company had a trading volume of 1,310,699 shares, compared to its average volume of 1,434,873. The firm's 50 day moving average is $9.56 and its 200 day moving average is $9.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. 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 capitalization of $1.62 billion, a price-to-earnings ratio of 36.50, a P/E/G ratio of 2.32 and a beta of 1.72.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.23). The company had revenue of $345.74 million during the quarter, compared to analyst estimates of $342.93 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. RLJ Lodging Trust's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. Sell-side analysts anticipate 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.