IFM Investors Pty Ltd Lowers Position in RLJ Lodging Trust $RLJ

IFM Investors Pty Ltd lessened its holdings in RLJ Lodging Trust (NYSE:RLJ) by 14.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,169 shares of the real estate investment trust’s stock after selling 5,179 shares during the period. IFM Investors Pty Ltd’s holdings in RLJ Lodging Trust were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RLJ. Woodline Partners LP raised its position in shares of RLJ Lodging Trust by 192.4% in the first quarter. Woodline Partners LP now owns 2,782,181 shares of the real estate investment trust’s stock worth $21,951,000 after buying an additional 1,830,803 shares in the last quarter. Man Group plc raised its position in shares of RLJ Lodging Trust by 300.6% in the fourth quarter. Man Group plc now owns 712,904 shares of the real estate investment trust’s stock worth $7,279,000 after buying an additional 534,938 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of RLJ Lodging Trust by 2,455.6% in the first quarter. Victory Capital Management Inc. now owns 469,769 shares of the real estate investment trust’s stock worth $3,706,000 after buying an additional 451,387 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of RLJ Lodging Trust in the fourth quarter worth $3,678,000. Finally, LSV Asset Management raised its position in shares of RLJ Lodging Trust by 23.8% in the first quarter. LSV Asset Management now owns 1,662,214 shares of the real estate investment trust’s stock worth $13,115,000 after buying an additional 319,319 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Down 0.7%

Shares of NYSE:RLJ opened at $7.65 on Friday. The stock’s 50-day moving average price is $7.55 and its 200-day moving average price is $7.59. RLJ Lodging Trust has a 12-month low of $6.16 and a 12-month high of $10.84. The stock has a market capitalization of $1.16 billion, a P/E ratio of 36.40 and a beta of 1.50. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.19.

RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $363.10 million for the quarter, compared to analysts’ expectations of $365.30 million. RLJ Lodging Trust had a return on equity of 3.03% and a net margin of 4.23%.RLJ Lodging Trust’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. On average, equities analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on RLJ. Zacks Research upgraded RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Truist Financial raised their price objective on RLJ Lodging Trust from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, September 5th. Wall Street Zen cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company raised their price objective on RLJ Lodging Trust from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.50.

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.