Metis Global Partners LLC Boosts Holdings in RLJ Lodging Trust (NYSE:RLJ)

Metis Global Partners LLC increased its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 31.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,798 shares of the real estate investment trust’s stock after buying an additional 3,738 shares during the period. Metis Global Partners LLC’s holdings in RLJ Lodging Trust were worth $145,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of RLJ Lodging Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 25,236,820 shares of the real estate investment trust’s stock worth $298,299,000 after acquiring an additional 420,428 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in RLJ Lodging Trust by 46.6% during the 3rd quarter. Donald Smith & CO. Inc. now owns 4,855,122 shares of the real estate investment trust’s stock worth $44,570,000 after purchasing an additional 1,543,848 shares in the last quarter. LSV Asset Management grew its stake in RLJ Lodging Trust by 9.8% during the 2nd quarter. LSV Asset Management now owns 1,699,595 shares of the real estate investment trust’s stock worth $16,367,000 after purchasing an additional 152,395 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in RLJ Lodging Trust by 2.4% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,591,525 shares of the real estate investment trust’s stock worth $15,326,000 after purchasing an additional 37,137 shares during the period. Finally, Clearbridge Investments LLC raised its position in RLJ Lodging Trust by 2.1% in the 1st quarter. Clearbridge Investments LLC now owns 1,343,923 shares of the real estate investment trust’s stock valued at $15,885,000 after purchasing an additional 27,746 shares in the last quarter. 92.35% of the stock is currently owned by institutional investors and hedge funds.

RLJ Lodging Trust Price Performance

Shares of NYSE:RLJ opened at $9.59 on Wednesday. RLJ Lodging Trust has a 12 month low of $8.74 and a 12 month high of $12.39. The firm has a market capitalization of $1.47 billion, a P/E ratio of 33.07, a P/E/G ratio of 0.91 and a beta of 1.70. 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’s fifty day moving average price is $9.32 and its 200 day moving average price is $9.51.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share (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 firm had revenue of $345.74 million for the quarter, compared to analysts’ expectations of $342.93 million. During the same period in the previous year, the business posted $0.40 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RLJ. StockNews.com downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Truist Financial dropped 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. Compass Point cut shares of RLJ Lodging Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $18.00 to $10.00 in a research report on Monday, August 5th. Oppenheimer boosted their target price on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Wolfe Research cut RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.