XTX Topco Ltd Buys 6,428 Shares of RLJ Lodging Trust (NYSE:RLJ)

XTX Topco Ltd grew its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 14.1% in the third quarter, HoldingsChannel reports. The fund owned 52,053 shares of the real estate investment trust’s stock after acquiring an additional 6,428 shares during the period. XTX Topco Ltd’s holdings in RLJ Lodging Trust were worth $478,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in RLJ Lodging Trust by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,564 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of RLJ Lodging Trust by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 225,738 shares of the real estate investment trust’s stock worth $2,072,000 after buying an additional 1,755 shares in the last quarter. Quarry LP boosted its stake in shares of RLJ Lodging Trust by 197.3% in the second quarter. Quarry LP now owns 5,465 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 3,627 shares during the period. Metis Global Partners LLC lifted its position in shares of RLJ Lodging Trust by 31.0% during the 3rd quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 3,738 shares during the period. Finally, Cerity Partners LLC grew its stake in RLJ Lodging Trust by 12.3% during the third quarter. Cerity Partners LLC now owns 55,310 shares of the real estate investment trust’s stock worth $508,000 after buying an additional 6,039 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Down 1.2 %

Shares of NYSE:RLJ opened at $10.36 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. The company has a market cap of $1.59 billion, a PE ratio of 35.72, a P/E/G ratio of 2.35 and a beta of 1.72. The stock’s 50-day moving average is $9.62 and its 200 day moving average is $9.51. RLJ Lodging Trust has a 1 year low of $8.74 and a 1 year high of $12.39.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.23). RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The business had revenue of $345.74 million for the quarter, compared to the consensus estimate of $342.93 million. During the same quarter last year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts anticipate that RLJ Lodging Trust will post 1.34 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.79%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 206.90%.

Analysts Set New Price Targets

RLJ has been the subject of several research analyst reports. Wolfe Research downgraded RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Truist Financial reduced their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Oppenheimer boosted their target price on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company increased their price target on RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an “underweight” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.50.

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.