XTX Topco Ltd Boosts Stock Position in RLJ Lodging Trust (NYSE:RLJ)

XTX Topco Ltd grew its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 14.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,053 shares of the real estate investment trust’s stock after acquiring an additional 6,428 shares during the quarter. XTX Topco Ltd’s holdings in RLJ Lodging Trust were worth $478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP lifted its holdings in 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 acquiring an additional 3,627 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position 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 in the last quarter. Ground Swell Capital LLC purchased a new stake in shares of RLJ Lodging Trust during the 3rd quarter valued at approximately $93,000. Aigen Investment Management LP acquired a new position in RLJ Lodging Trust in the third quarter valued at about $107,000. Finally, Metis Global Partners LLC boosted its position in shares of RLJ Lodging Trust by 31.0% during the third quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 3,738 shares during the period. Hedge funds and other institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Trading Down 1.2 %

RLJ Lodging Trust stock opened at $10.36 on Friday. The firm’s 50 day moving average price is $9.62 and its two-hundred day moving average price is $9.51. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 2.35 and a beta of 1.72. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. 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 released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.23). RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The company had revenue of $345.74 million during the quarter, compared to analysts’ expectations of $342.93 million. During the same quarter in the previous year, the company earned $0.40 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, research analysts predict that RLJ Lodging Trust will post 1.34 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.79%. RLJ Lodging Trust’s payout ratio is 206.90%.

Analyst Ratings Changes

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

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.