Kiker Wealth Management LLC Buys Shares of 74,525 RLJ Lodging Trust (NYSE:RLJ)

Kiker Wealth Management LLC acquired a new stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 74,525 shares of the real estate investment trust's stock, valued at approximately $761,000.

Other institutional investors have also bought and sold shares of the company. Rhumbline Advisers raised its position in shares of RLJ Lodging Trust by 0.5% during the 4th quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust's stock worth $2,888,000 after buying an additional 1,320 shares in the last quarter. US Bancorp DE raised its holdings 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 worth $33,000 after purchasing an additional 1,417 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position 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 during the period. Metis Global Partners LLC boosted its stake in RLJ Lodging Trust by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust's stock valued at $180,000 after purchasing an additional 1,796 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of 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 valued at $1,769,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 92.35% of the company's stock.

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RLJ Lodging Trust Trading Down 1.2 %

RLJ Lodging Trust stock traded down $0.10 during midday trading on Tuesday, reaching $8.38. The stock had a trading volume of 2,534,022 shares, compared to its average volume of 1,495,286. The firm's fifty day simple moving average is $9.46 and its two-hundred day simple moving average is $9.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. RLJ Lodging Trust has a twelve month low of $8.26 and a twelve month high of $11.99. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.87 and a beta of 1.69.

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

RLJ Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.16%. RLJ Lodging Trust's dividend payout ratio is 222.22%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial cut shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $11.00 to $10.00 in a research report on Friday. Wells Fargo & Company cut their target price 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. KeyCorp decreased their price target on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, RLJ Lodging Trust currently has an average rating of "Hold" and a consensus price target of $10.82.

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.