RLJ Lodging Trust $RLJ Shares Purchased by Jacobs Levy Equity Management Inc.

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

A number of other large investors also recently bought and sold shares of the business. Aberdeen Group plc raised its holdings in RLJ Lodging Trust by 3.6% in the 1st quarter. Aberdeen Group plc now owns 41,869 shares of the real estate investment trust's stock worth $330,000 after purchasing an additional 1,452 shares during the period. Asset Management One Co. Ltd. raised its holdings in RLJ Lodging Trust by 0.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 222,411 shares of the real estate investment trust's stock worth $1,755,000 after purchasing an additional 1,762 shares during the period. GF Fund Management CO. LTD. acquired a new position in RLJ Lodging Trust in the 4th quarter worth about $29,000. Versant Capital Management Inc increased its stake in 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 worth $29,000 after buying an additional 2,944 shares in the last quarter. Finally, KBC Group NV purchased a new stake in RLJ Lodging Trust during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Trading Down 0.7%

RLJ Lodging Trust stock traded down $0.06 during mid-day trading on Friday, hitting $7.65. The company's stock had a trading volume of 1,594,793 shares, compared to its average volume of 2,209,064. The firm has a market capitalization of $1.16 billion, a PE ratio of 36.40 and a beta of 1.50. RLJ Lodging Trust has a 1 year low of $6.16 and a 1 year high of $10.84. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.19. The stock's fifty day moving average is $7.55 and its two-hundred day moving average is $7.60.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share 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 company had revenue of $363.10 million during the quarter, compared to analyst estimates of $365.30 million. During the same period in the prior year, the business posted $0.51 earnings per share. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. On average, analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Truist Financial boosted their price objective on RLJ Lodging Trust from $7.00 to $8.00 and gave the stock a "hold" rating in a research note on Friday, September 5th. Zacks Research upgraded RLJ Lodging Trust from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Wall Street Zen lowered RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company boosted their price objective 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 research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $9.50.

RLJ Lodging Trust 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.