Quest Partners LLC Has $161,000 Holdings in RLJ Lodging Trust (NYSE:RLJ)

Quest Partners LLC cut its holdings in RLJ Lodging Trust (NYSE:RLJ) by 86.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,484 shares of the real estate investment trust’s stock after selling 110,790 shares during the period. Quest Partners LLC’s holdings in RLJ Lodging Trust were worth $161,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Donald Smith & CO. Inc. raised its holdings in shares of RLJ Lodging Trust by 46.6% in the 3rd quarter. Donald Smith & CO. Inc. now owns 4,855,122 shares of the real estate investment trust’s stock valued at $44,570,000 after purchasing an additional 1,543,848 shares during the period. LSV Asset Management grew its position in RLJ Lodging Trust by 9.8% during the second 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in RLJ Lodging Trust by 2.4% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,591,525 shares of the real estate investment trust’s stock valued at $15,326,000 after purchasing an additional 37,137 shares in the last quarter. Bank of New York Mellon Corp increased its stake in RLJ Lodging Trust by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 980,894 shares of the real estate investment trust’s stock valued at $9,446,000 after acquiring an additional 51,981 shares during the last quarter. Finally, Lighthouse Investment Partners LLC lifted its position in shares of RLJ Lodging Trust by 50.9% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 860,000 shares of the real estate investment trust’s stock worth $8,282,000 after buying an additional 290,000 shares during the last quarter. Institutional investors own 92.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wolfe Research cut RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Compass Point downgraded shares of RLJ Lodging Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $10.00 in a research report on Monday, August 5th. Truist Financial dropped their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. StockNews.com cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company lowered RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $11.00 to $9.00 in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.29.

RLJ Lodging Trust Stock Performance

Shares of RLJ opened at $10.14 on Friday. 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 firm has a market cap of $1.55 billion, a PE ratio of 34.97, a PEG ratio of 0.96 and a beta of 1.70. RLJ Lodging Trust has a 1 year low of $8.74 and a 1 year high of $12.39. The stock’s fifty day moving average price is $9.41 and its two-hundred day moving average price is $9.49.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 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 company had revenue of $345.74 million during the quarter, compared to the consensus estimate of $342.93 million. During the same quarter in the prior year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts forecast that RLJ Lodging Trust will post 1.34 EPS for the current 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.