Invesco Ltd. Has $12.81 Million Stock Holdings in RLJ Lodging Trust (NYSE:RLJ)

Invesco Ltd. increased its holdings in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 46.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,254,239 shares of the real estate investment trust's stock after acquiring an additional 400,261 shares during the quarter. Invesco Ltd. owned approximately 0.82% of RLJ Lodging Trust worth $12,806,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in RLJ. Federated Hermes Inc. increased its stake in RLJ Lodging Trust by 23.6% in the 4th quarter. Federated Hermes Inc. now owns 107,716 shares of the real estate investment trust's stock valued at $1,100,000 after buying an additional 20,601 shares during the period. Russell Investments Group Ltd. boosted its position in shares of RLJ Lodging Trust by 116.9% in the 4th quarter. Russell Investments Group Ltd. now owns 388,028 shares of the real estate investment trust's stock worth $3,962,000 after buying an additional 209,107 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of RLJ Lodging Trust by 277.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 123,307 shares of the real estate investment trust's stock valued at $1,259,000 after purchasing an additional 90,640 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in RLJ Lodging Trust during the fourth quarter worth $609,000. Finally, Donald Smith & CO. Inc. lifted its holdings in RLJ Lodging Trust by 18.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 5,756,233 shares of the real estate investment trust's stock valued at $58,771,000 after purchasing an additional 901,111 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Stock Performance

RLJ Lodging Trust stock traded up $0.05 during midday trading on Friday, reaching $7.00. 597,936 shares of the stock traded hands, compared to its average volume of 1,773,473. The firm has a fifty day moving average price of $8.18 and a two-hundred day moving average price of $9.22. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $11.28. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.87 and a beta of 1.51. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.36. The business had revenue of $329.99 million for the quarter, compared to analysts' expectations of $324.66 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. On average, equities research analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date of this dividend was Monday, March 31st. RLJ Lodging Trust's payout ratio is 222.22%.

Insider Transactions at RLJ Lodging Trust

In other news, Director Patricia L. Gibson acquired 10,000 shares of the stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $8.03 per share, for a total transaction of $80,300.00. Following the transaction, the director now owns 124,217 shares in the company, valued at approximately $997,462.51. This trade represents a 8.76 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. KeyCorp dropped their price objective on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. StockNews.com upgraded shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Truist Financial downgraded shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and decreased their price target for the stock from $11.00 to $10.00 in a research report on Friday, March 21st. Finally, Wells Fargo & Company cut their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, RLJ Lodging Trust presently has a consensus rating of "Hold" and a consensus target price of $10.82.

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.