1,779,010 Shares in RLJ Lodging Trust $RLJ Acquired by Centersquare Investment Management LLC

Centersquare Investment Management LLC bought a new position in shares of RLJ Lodging Trust (NYSE:RLJ) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,779,010 shares of the real estate investment trust’s stock, valued at approximately $13,254,000.

Several other large investors have also recently added to or reduced their stakes in RLJ. EverSource Wealth Advisors LLC increased its position in shares of RLJ Lodging Trust by 2,721.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 3,347 shares during the last quarter. Daytona Street Capital LLC acquired a new stake in shares of RLJ Lodging Trust in the 4th quarter valued at $28,000. PNC Financial Services Group Inc. raised its holdings in shares of RLJ Lodging Trust by 166.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,618 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,887 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of RLJ Lodging Trust in the 3rd quarter valued at $36,000. Finally, Danske Bank A S acquired a new stake in shares of RLJ Lodging Trust in the 3rd quarter valued at $50,000. 92.35% of the stock is owned by hedge funds and other institutional investors.

RLJ Lodging Trust Price Performance

Shares of RLJ opened at $10.97 on Friday. RLJ Lodging Trust has a twelve month low of $6.54 and a twelve month high of $11.02. The firm’s fifty day simple moving average is $8.86 and its 200-day simple moving average is $8.12. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -1,097.10 and a beta of 1.13. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.22.

RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $339.98 million for the quarter, compared to the consensus estimate of $323.51 million. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS. Equities analysts forecast that RLJ Lodging Trust will post 1.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Truist Financial reduced their price objective on shares of RLJ Lodging Trust from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Raymond James Financial lowered shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $9.00 to $11.00 in a report on Thursday, May 28th. Wall Street Zen upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 7th. LADENBURG THALM/SH SH assumed coverage on shares of RLJ Lodging Trust in a report on Thursday, March 26th. They issued a “neutral” rating and a $8.50 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of RLJ Lodging Trust from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $8.67.

RLJ Lodging Trust Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.