Creative Planning Takes Position in RLJ Lodging Trust (NYSE:RLJ)

Creative Planning bought a new stake in shares of RLJ Lodging Trust (NYSE:RLJ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 29,955 shares of the real estate investment trust’s stock, valued at approximately $275,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. lifted its holdings in RLJ Lodging Trust by 131.1% during the second quarter. Donald Smith & CO. Inc. now owns 3,311,274 shares of the real estate investment trust’s stock valued at $31,888,000 after purchasing an additional 1,878,616 shares in the last quarter. Vanguard Group Inc. boosted its holdings in RLJ Lodging Trust by 1.7% in 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. Lighthouse Investment Partners LLC boosted its holdings in RLJ Lodging Trust by 50.9% in 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of RLJ Lodging Trust by 17.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,554,388 shares of the real estate investment trust’s stock valued at $18,373,000 after acquiring an additional 232,091 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of 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 valued at $16,367,000 after acquiring an additional 152,395 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Up 2.4 %

Shares of RLJ opened at $9.72 on Friday. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week high of $12.39. The company has a market capitalization of $1.51 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 0.89 and a beta of 1.70. The stock has a fifty day simple moving average of $9.23 and a two-hundred day simple moving average of $9.58. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.12.

Analyst Ratings Changes

Several analysts recently commented on the company. Compass Point cut RLJ Lodging Trust from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $10.00 in a research report on Monday, August 5th. StockNews.com lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Truist Financial decreased their price objective on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Wolfe Research lowered RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. Finally, Bank of America decreased their price objective on RLJ Lodging Trust from $12.00 to $10.00 and set an “underperform” rating on the stock in a report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, RLJ Lodging Trust currently has an average rating of “Hold” and a consensus price target of $11.71.

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.