38,382 Shares in RLJ Lodging Trust (NYSE:RLJ) Acquired by Globeflex Capital L P

Globeflex Capital L P acquired a new position in RLJ Lodging Trust (NYSE:RLJ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 38,382 shares of the real estate investment trust's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RLJ. US Bancorp DE lifted its stake in RLJ Lodging Trust by 78.2% during the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,417 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of RLJ Lodging Trust during the 3rd quarter valued at $107,000. 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 last quarter. Cornerstone Investment Partners LLC bought a new stake in shares of RLJ Lodging Trust during the 4th quarter worth $209,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of RLJ Lodging Trust in the 4th quarter worth $277,000. Institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Stock Down 1.0 %

NYSE:RLJ traded down $0.09 on Thursday, hitting $8.87. 2,573,073 shares of the company's stock traded hands, compared to its average volume of 1,477,458. The company has a market cap of $1.35 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.69. RLJ Lodging Trust has a 1 year low of $8.46 and a 1 year high of $12.13. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $9.53 and a 200-day moving average price of $9.61.

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RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.36. The firm had revenue of $329.99 million for the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. Equities analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 6.77%. RLJ Lodging Trust's dividend payout ratio is 222.22%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RLJ. StockNews.com raised RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Wells Fargo & Company reduced their price objective on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a research note on Tuesday, February 18th. 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. According to MarketBeat.com, RLJ Lodging Trust has an average rating of "Hold" and an average price target of $10.79.

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.