JPMorgan Chase & Co. Has $47.43 Million Stock Position in RLJ Lodging Trust (NYSE:RLJ)

JPMorgan Chase & Co. boosted its stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,166,593 shares of the real estate investment trust's stock after acquiring an additional 240,254 shares during the period. JPMorgan Chase & Co. owned 3.37% of RLJ Lodging Trust worth $47,429,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RLJ. State Street Corp increased its position in RLJ Lodging Trust by 4.8% during the 3rd quarter. State Street Corp now owns 7,397,290 shares of the real estate investment trust's stock worth $68,999,000 after purchasing an additional 340,271 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of RLJ Lodging Trust by 46.6% during the 3rd quarter. Donald Smith & CO. Inc. now owns 4,855,122 shares of the real estate investment trust's stock valued at $44,570,000 after acquiring an additional 1,543,848 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of RLJ Lodging Trust by 1.1% in the third quarter. Geode Capital Management LLC now owns 3,930,177 shares of the real estate investment trust's stock worth $36,085,000 after buying an additional 44,121 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of RLJ Lodging Trust by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust's stock worth $32,977,000 after purchasing an additional 170,484 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in RLJ Lodging Trust by 25.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,991,625 shares of the real estate investment trust's stock valued at $18,283,000 after buying an additional 400,100 shares during the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Stock Performance

RLJ traded down $0.04 during midday trading on Monday, reaching $9.94. The company's stock had a trading volume of 1,526,138 shares, compared to its average volume of 1,365,846. RLJ Lodging Trust has a twelve month low of $8.74 and a twelve month high of $12.39. 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 stock has a market cap of $1.52 billion, a P/E ratio of 34.28, a PEG ratio of 2.31 and a beta of 1.70. The company has a fifty day simple moving average of $9.95 and a 200 day simple moving average of $9.56.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued 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). The company had revenue of $345.74 million during the quarter, compared to analyst estimates of $342.93 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Research analysts expect that RLJ Lodging Trust will post 1.34 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend is Tuesday, December 31st. RLJ Lodging Trust's dividend payout ratio is currently 206.90%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RLJ shares. StockNews.com downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Tuesday, December 31st. Wolfe Research lowered shares of RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 26th. Oppenheimer lifted their price target on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Truist Financial cut their price target on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Finally, Wells Fargo & Company upped their target price on RLJ Lodging Trust from $10.00 to $10.50 and gave the company an "underweight" rating in a report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.