Ground Swell Capital LLC Invests $93,000 in RLJ Lodging Trust (NYSE:RLJ)

Ground Swell Capital LLC purchased a new stake in RLJ Lodging Trust (NYSE:RLJ) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,097 shares of the real estate investment trust’s stock, valued at approximately $93,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of 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 valued at $298,299,000 after acquiring an additional 420,428 shares during the period. Donald Smith & CO. Inc. increased its stake in shares of 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 raised its position in shares of 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 during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in RLJ Lodging Trust by 2.4% in the 2nd 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 buying an additional 37,137 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in RLJ Lodging Trust by 2.1% during the first 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 in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Down 0.9 %

Shares of NYSE:RLJ opened at $8.77 on Monday. The stock has a 50-day simple moving average of $9.25 and a 200-day simple moving average of $9.65. The stock has a market capitalization of $1.36 billion, a P/E ratio of 33.73, a PEG ratio of 0.84 and a beta of 1.70. RLJ Lodging Trust has a 1 year low of $8.76 and a 1 year high of $12.39. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.60 and a current ratio of 2.60.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.25). The business had revenue of $369.30 million during the quarter, compared to analyst estimates of $365.67 million. RLJ Lodging Trust had a return on equity of 3.34% and a net margin of 4.93%. RLJ Lodging Trust’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 EPS. Equities analysts forecast that RLJ Lodging Trust will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on RLJ shares. Compass Point lowered shares of RLJ Lodging Trust from a “buy” rating to a “neutral” rating and reduced their target price for the company from $18.00 to $10.00 in a report on Monday, August 5th. StockNews.com downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Truist Financial lowered their target price 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. Wolfe Research lowered RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Finally, Bank of America lowered their price target on RLJ Lodging Trust from $12.00 to $10.00 and set an “underperform” rating for the company in a report on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RLJ Lodging Trust has a consensus rating of “Hold” and a consensus target price of $11.71.

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.