Entropy Technologies LP purchased a new position in RLJ Lodging Trust (NYSE:RLJ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,751 shares of the real estate investment trust's stock, valued at approximately $355,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of RLJ. Mirae Asset Global Investments Co. Ltd. grew its stake in RLJ Lodging Trust by 34.9% in 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 purchasing an additional 1,564 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in RLJ Lodging Trust by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 389,527 shares of the real estate investment trust's stock worth $3,576,000 after purchasing an additional 1,634 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in RLJ Lodging Trust by 0.8% in 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 purchasing an additional 1,755 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in RLJ Lodging Trust by 1.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 192,700 shares of the real estate investment trust's stock worth $1,769,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Metis Global Partners LLC grew its stake in RLJ Lodging Trust by 31.0% in the third quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 3,738 shares in the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.
RLJ Lodging Trust Stock Up 0.2 %
Shares of RLJ Lodging Trust stock traded up $0.02 during trading on Friday, reaching $9.57. The company's stock had a trading volume of 977,159 shares, compared to its average volume of 1,494,518. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 32.98 and a beta of 1.68. RLJ Lodging Trust has a 1-year low of $8.74 and a 1-year high of $12.39. The company has a 50-day simple moving average of $9.99 and a two-hundred day simple moving average of $9.61.
RLJ Lodging Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.27%. RLJ Lodging Trust's payout ratio is 206.90%.
Wall Street Analyst Weigh In
RLJ has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an "underweight" rating in a research note on Monday, December 9th. Truist Financial dropped their target price 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. StockNews.com raised RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Oppenheimer increased their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.92.
Read Our Latest Stock Report on RLJ
RLJ Lodging Trust Profile
(
Free Report)
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.
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