Aegis Financial Corp Purchases New Stake in RLJ Lodging Trust $RLJ

Aegis Financial Corp purchased a new stake in shares of RLJ Lodging Trust (NYSE:RLJ) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,271,817 shares of the real estate investment trust’s stock, valued at approximately $9,475,000. RLJ Lodging Trust makes up 2.3% of Aegis Financial Corp’s investment portfolio, making the stock its 15th largest holding.

Several other large investors also recently added to or reduced their stakes in RLJ. Centersquare Investment Management LLC purchased a new stake in RLJ Lodging Trust in the 4th quarter worth about $13,254,000. Picton Mahoney Asset Management purchased a new position in shares of RLJ Lodging Trust in the fourth quarter worth about $831,000. Donald Smith & CO. Inc. increased its stake in shares of RLJ Lodging Trust by 23.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust’s stock worth $97,899,000 after purchasing an additional 2,463,189 shares in the last quarter. Deutsche Bank AG increased its stake in shares of RLJ Lodging Trust by 1.4% in the fourth quarter. Deutsche Bank AG now owns 181,568 shares of the real estate investment trust’s stock worth $1,353,000 after purchasing an additional 2,453 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of RLJ Lodging Trust in the fourth quarter worth about $157,000. Hedge funds and other institutional investors own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of RLJ Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. LADENBURG THALM/SH SH assumed coverage on shares of RLJ Lodging Trust in a research note on Thursday, March 26th. They issued a “neutral” rating and a $8.50 target price for the company. Truist Financial reduced their target price on shares of RLJ Lodging Trust from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Wells Fargo & Company lifted their target price on shares of RLJ Lodging Trust from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Monday, June 1st. Finally, Raymond James Financial downgraded shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $9.00 to $11.00 in a research note on Thursday, May 28th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $8.67.

RLJ Lodging Trust Trading Up 3.1%

Shares of RLJ Lodging Trust stock opened at $10.97 on Friday. RLJ Lodging Trust has a 1 year low of $6.54 and a 1 year high of $11.02. The firm has a market cap of $1.67 billion, a PE ratio of -1,097.10 and a beta of 1.13. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.89 and a quick ratio of 2.89. The company has a 50 day simple moving average of $8.86 and a two-hundred day simple moving average of $8.12.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. The business had revenue of $339.98 million during the quarter, compared to analyst estimates of $323.51 million. During the same period in the previous year, the business posted $0.31 earnings per share. RLJ Lodging Trust’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that RLJ Lodging Trust will post 1.22 earnings per share for the current fiscal year.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.