Jacobs Levy Equity Management Inc. Has $7.47 Million Stock Position in RLJ Lodging Trust $RLJ

Jacobs Levy Equity Management Inc. grew its position in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 17.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 946,341 shares of the real estate investment trust's stock after purchasing an additional 139,865 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.62% of RLJ Lodging Trust worth $7,467,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RLJ. KBC Group NV acquired a new position in shares of RLJ Lodging Trust during the 1st quarter valued at about $27,000. GF Fund Management CO. LTD. acquired a new position in shares of RLJ Lodging Trust during the 4th quarter valued at about $29,000. Versant Capital Management Inc increased its holdings 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 last quarter. Blueshift Asset Management LLC acquired a new position in shares of RLJ Lodging Trust during the 1st quarter valued at about $82,000. Finally, AlphaQuest LLC increased its holdings 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 last quarter. Institutional investors and hedge funds own 92.35% of the company's stock.

Wall Street Analyst Weigh In

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

RLJ Lodging Trust Stock Performance

Shares of RLJ stock traded down $0.06 during mid-day trading 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 firm's 50 day simple moving average is $7.55 and its 200 day simple moving average is $7.59. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.19. RLJ Lodging Trust has a one year low of $6.16 and a one year high of $10.84. The firm has a market cap of $1.16 billion, a PE ratio of 36.40 and a beta of 1.50.

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