Cubist Systematic Strategies LLC Makes New Investment in RLJ Lodging Trust $RLJ

Key Points

• Cubist Systematic Strategies LLC acquired 293,486 shares of RLJ Lodging Trust, valued at approximately $2.3 million, representing about 0.19% of the company.
• RLJ Lodging Trust recently reported $0.48 earnings per share for the quarter, surpassing analyst forecasts of $0.46, while also declaring a quarterly dividend with a yield of 7.6%.
• Analysts have mixed views on RLJ Lodging Trust, with a consensus rating of "Hold" and price target of $9.50, though some have downgraded or upgraded their ratings in light of recent performance.

Cubist Systematic Strategies LLC purchased a new position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 293,486 shares of the real estate investment trust's stock, valued at approximately $2,316,000. Cubist Systematic Strategies LLC owned about 0.19% of RLJ Lodging Trust as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RLJ. KBC Group NV bought a new stake in RLJ Lodging Trust in the 1st quarter valued at $27,000. GF Fund Management CO. LTD. bought a new stake in shares of RLJ Lodging Trust during the 4th quarter valued at $29,000. Versant Capital Management Inc lifted its position in shares of RLJ Lodging Trust by 402.7% during the 1st quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 2,944 shares during the period. Blueshift Asset Management LLC bought a new stake in shares of RLJ Lodging Trust during the 1st quarter valued at $82,000. Finally, AlphaQuest LLC lifted its position in shares of RLJ Lodging Trust by 1,138.4% during the 1st quarter. AlphaQuest LLC now owns 10,576 shares of the real estate investment trust's stock valued at $83,000 after acquiring an additional 9,722 shares during the period. 92.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RLJ shares. Truist Financial boosted their price target on RLJ Lodging Trust from $7.00 to $8.00 and gave the stock a "hold" rating in a report on Friday, September 5th. Zacks Research raised RLJ Lodging Trust from a "strong sell" rating to a "hold" rating in a report on Tuesday. 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 target price on RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $9.50.

RLJ Lodging Trust Stock Performance

NYSE:RLJ traded down $0.06 during trading hours on Friday, reaching $7.65. The stock had a trading volume of 1,594,793 shares, compared to its average volume of 2,209,064. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.48 and a current ratio of 2.48. The stock has a 50 day simple moving average of $7.55 and a 200 day simple moving average of $7.60. RLJ Lodging Trust has a 12-month low of $6.16 and a 12-month high of $10.84. The stock has a market cap of $1.16 billion, a P/E ratio of 36.40 and a beta of 1.50.

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

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.