RLJ Lodging Trust $RLJ Shares Acquired by Woodline Partners LP

Key Points

• Woodline Partners LP significantly increased its stake in RLJ Lodging Trust by 192.4% in the first quarter, bringing its total holdings to approximately 1.83% of the company, valued at about $21.95 million.
• Analysts have mixed ratings on RLJ Lodging Trust, with only two giving it a "Buy" rating, while Truist Financial has raised its price objective from $7.00 to $8.00, maintaining a "hold" rating.
• RLJ Lodging Trust's recent quarterly earnings surpassed expectations, posting $0.48 earnings per share on $363.10 million in revenue, although revenue declined 1.7% year-over-year.

Woodline Partners LP lifted its position in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 192.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,782,181 shares of the real estate investment trust's stock after purchasing an additional 1,830,803 shares during the quarter. Woodline Partners LP owned about 1.83% of RLJ Lodging Trust worth $21,951,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV acquired a new position in RLJ Lodging Trust in the 1st quarter valued at about $27,000. Versant Capital Management Inc raised 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 buying an additional 2,944 shares during the period. GF Fund Management CO. LTD. purchased a new stake in shares of RLJ Lodging Trust during the 4th quarter valued at approximately $29,000. Blueshift Asset Management LLC acquired a new position in RLJ Lodging Trust in the first quarter valued at approximately $82,000. Finally, AlphaQuest LLC grew its position in RLJ Lodging Trust by 1,138.4% in the first quarter. AlphaQuest LLC now owns 10,576 shares of the real estate investment trust's stock worth $83,000 after acquiring an additional 9,722 shares during the period. 92.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on RLJ. Truist Financial lifted their target price on RLJ Lodging Trust from $7.00 to $8.00 and gave the company a "hold" rating in a research report on Friday, September 5th. Zacks Research raised RLJ Lodging Trust from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective on shares of RLJ Lodging Trust from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Tuesday, July 1st. Finally, Wall Street Zen lowered shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. 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, the company currently has a consensus rating of "Hold" and an average target price of $9.50.

RLJ Lodging Trust Trading Down 0.7%

Shares of RLJ stock traded down $0.06 on Friday, hitting $7.65. The stock had a trading volume of 1,594,793 shares, compared to its average volume of 2,209,064. The company's 50 day moving average price is $7.55 and its 200-day moving average price is $7.59. RLJ Lodging Trust has a 1 year low of $6.16 and a 1 year high of $10.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.48 and a quick ratio of 2.48. The firm has a market capitalization 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 announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. The company had revenue of $363.10 million during the quarter, compared to analysts' expectations of $365.30 million. RLJ Lodging Trust had a return on equity of 3.03% and a net margin of 4.23%.RLJ Lodging Trust'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 EPS. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. Analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

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.