Aigen Investment Management LP Takes Position in RLJ Lodging Trust (NYSE:RLJ)

Aigen Investment Management LP purchased a new stake in RLJ Lodging Trust (NYSE:RLJ) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,644 shares of the real estate investment trust’s stock, valued at approximately $107,000.

A number of other large investors have also made changes to their positions in RLJ. Quarry LP grew its position in shares of RLJ Lodging Trust by 197.3% in 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. grew its position in RLJ Lodging Trust by 34.9% in the third 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 period. Ground Swell Capital LLC purchased a new position in RLJ Lodging Trust in the third quarter worth approximately $93,000. BOKF NA purchased a new position in RLJ Lodging Trust in the first quarter worth approximately $139,000. Finally, Allspring Global Investments Holdings LLC grew its position in RLJ Lodging Trust by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,944 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 1,229 shares during the period. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RLJ. Truist Financial lowered their price objective on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, October 28th. StockNews.com lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research lowered RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. Oppenheimer increased their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Compass Point cut RLJ Lodging Trust from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $10.00 in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.29.

RLJ Lodging Trust Stock Down 0.6 %

NYSE:RLJ opened at $9.61 on Monday. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The stock’s fifty day moving average is $9.29 and its two-hundred day moving average is $9.53. RLJ Lodging Trust has a 52 week low of $8.74 and a 52 week high of $12.39. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.23). The company had revenue of $345.74 million during the quarter, compared to analyst estimates of $342.93 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 earnings per share. Research analysts anticipate that RLJ Lodging Trust will post 1.34 EPS for the current year.

About RLJ Lodging Trust

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.