RLJ Lodging Trust (NYSE:RLJ) Holdings Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,878 shares of the real estate investment trust’s stock after selling 1,805 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.11% of RLJ Lodging Trust worth $1,532,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in RLJ Lodging Trust by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 25,236,820 shares of the real estate investment trust’s stock worth $298,299,000 after buying an additional 420,428 shares during 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 buying an additional 1,543,848 shares during 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 buying an additional 152,395 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake 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 buying an additional 37,137 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in RLJ Lodging Trust by 2.1% during the 1st quarter. Clearbridge Investments LLC now owns 1,343,923 shares of the real estate investment trust’s stock worth $15,885,000 after buying an additional 27,746 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RLJ shares. Wells Fargo & Company lowered RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $11.00 to $9.00 in a research report on Friday, September 13th. StockNews.com lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research lowered RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. Truist Financial reduced their price target 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, Compass Point lowered RLJ Lodging Trust from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $18.00 to $10.00 in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.29.

RLJ Lodging Trust Trading Down 0.6 %

Shares of RLJ Lodging Trust stock opened at $9.59 on Wednesday. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 0.91 and a beta of 1.70. The business has a fifty day simple moving average of $9.32 and a 200-day simple moving average of $9.51. RLJ Lodging Trust has a fifty-two week low of $8.74 and a fifty-two week high of $12.39.

RLJ Lodging Trust (NYSE:RLJ) last announced 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 for the quarter, compared to analyst estimates of $342.93 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. On average, equities analysts forecast 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.