BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 400,100 Shares of RLJ Lodging Trust (NYSE:RLJ)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in RLJ Lodging Trust (NYSE:RLJ) by 25.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,991,625 shares of the real estate investment trust’s stock after acquiring an additional 400,100 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 1.28% of RLJ Lodging Trust worth $18,283,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quarry LP grew its position in shares of RLJ Lodging Trust by 197.3% during the second quarter. Quarry LP now owns 5,465 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 3,627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in RLJ Lodging Trust by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 1,564 shares during the last quarter. Ground Swell Capital LLC bought a new stake in RLJ Lodging Trust in the 3rd quarter worth approximately $93,000. Aigen Investment Management LP bought a new position in shares of RLJ Lodging Trust during the 3rd quarter valued at approximately $107,000. Finally, BOKF NA purchased a new position in shares of RLJ Lodging Trust in the first quarter valued at $139,000. Hedge funds and other institutional investors own 92.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on RLJ. Wells Fargo & Company downgraded shares of RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $11.00 to $9.00 in a research note on Friday, September 13th. Compass Point downgraded shares of RLJ Lodging Trust from a “buy” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $10.00 in a report on Monday, August 5th. Truist Financial reduced their price objective 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. Oppenheimer raised their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Wolfe Research downgraded RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. 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, the company currently has a consensus rating of “Hold” and a consensus price target of $11.29.

RLJ Lodging Trust Trading Up 1.1 %

RLJ opened at $9.91 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The stock’s 50 day moving average price is $9.34 and its 200-day moving average price is $9.51. RLJ Lodging Trust has a one year low of $8.74 and a one year high of $12.39. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 0.91 and a beta of 1.70.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data 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 net margin of 5.19% and a return on equity of 3.58%. The business had revenue of $345.74 million during the quarter, compared to the consensus estimate of $342.93 million. During the same period last year, the company earned $0.40 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that RLJ Lodging Trust will post 1.34 EPS for the current 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.