Nisa Investment Advisors LLC Has $432,000 Position in RLJ Lodging Trust (NYSE:RLJ)

Nisa Investment Advisors LLC lessened its stake in RLJ Lodging Trust (NYSE:RLJ) by 16.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,188 shares of the real estate investment trust’s stock after selling 8,878 shares during the quarter. Nisa Investment Advisors LLC’s holdings in RLJ Lodging Trust were worth $432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of 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 last quarter. BNP Paribas Financial Markets raised its stake in shares of RLJ Lodging Trust by 36.0% during the 1st quarter. BNP Paribas Financial Markets now owns 100,553 shares of the real estate investment trust’s stock worth $1,189,000 after purchasing an additional 26,604 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of RLJ Lodging Trust by 145.6% during the 1st quarter. GSA Capital Partners LLP now owns 78,058 shares of the real estate investment trust’s stock valued at $923,000 after buying an additional 46,272 shares during the last quarter. LSV Asset Management grew its stake in shares of RLJ Lodging Trust by 5.7% in the 1st quarter. LSV Asset Management now owns 1,547,200 shares of the real estate investment trust’s stock valued at $18,288,000 after buying an additional 83,500 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of RLJ Lodging Trust by 86.5% in the 1st quarter. SG Americas Securities LLC now owns 125,076 shares of the real estate investment trust’s stock valued at $1,478,000 after buying an additional 58,002 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Up 0.6 %

RLJ opened at $8.89 on Wednesday. The business has a 50 day moving average of $9.24 and a 200-day moving average of $9.62. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 0.83 and a beta of 1.70. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.12. RLJ Lodging Trust has a 1-year low of $8.74 and a 1-year high of $12.39.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Compass Point cut shares of RLJ Lodging Trust from a “buy” rating to a “neutral” rating and reduced their target price for the company from $18.00 to $10.00 in a research note on Monday, August 5th. Truist Financial decreased their price objective on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th. Wells Fargo & Company lowered RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $11.00 to $9.00 in a report on Friday, September 13th. Bank of America decreased their price target on RLJ Lodging Trust from $12.00 to $10.00 and set an “underperform” rating for the company in a research note on Monday, July 22nd. Finally, Wolfe Research downgraded RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.71.

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.