GSA Capital Partners LLP Sells 219,554 Shares of RLJ Lodging Trust (NYSE:RLJ)

GSA Capital Partners LLP cut its position in RLJ Lodging Trust (NYSE:RLJ) by 79.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,244 shares of the real estate investment trust’s stock after selling 219,554 shares during the quarter. GSA Capital Partners LLP’s holdings in RLJ Lodging Trust were worth $535,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of RLJ Lodging Trust by 44.8% during the 1st quarter. Russell Investments Group Ltd. now owns 181,076 shares of the real estate investment trust’s stock valued at $2,140,000 after purchasing an additional 55,996 shares during the period. Boston Partners bought a new stake in shares of RLJ Lodging Trust during the 1st quarter valued at $1,025,000. Inspire Investing LLC raised its stake in shares of RLJ Lodging Trust by 22.3% during the 3rd quarter. Inspire Investing LLC now owns 44,682 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 8,136 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of RLJ Lodging Trust by 6.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 209,892 shares of the real estate investment trust’s stock valued at $2,482,000 after purchasing an additional 12,186 shares during the period. Finally, Creative Planning bought a new stake in shares of RLJ Lodging Trust during the 3rd quarter valued at $275,000. 92.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Compass Point lowered RLJ Lodging Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $10.00 in a research note on Monday, August 5th. StockNews.com cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research cut RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. Truist Financial reduced their target price on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Oppenheimer boosted their target price 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. Three equities 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.29.

RLJ Lodging Trust Stock Down 0.6 %

Shares of NYSE:RLJ opened at $9.59 on Wednesday. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week 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 stock has a 50 day moving average price of $9.32 and a 200-day moving average price of $9.51. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.23). The company had revenue of $345.74 million during the quarter, compared to analysts’ expectations of $342.93 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 EPS. As a group, equities research analysts anticipate that RLJ Lodging Trust will post 1.34 EPS for the current fiscal year.

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.