RLJ Lodging Trust (NYSE:RLJ) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,342,895 shares of the real estate investment trust's stock after selling 237,200 shares during the period. LSV Asset Management owned about 0.88% of RLJ Lodging Trust worth $13,711,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of RLJ Lodging Trust by 4.8% during the third 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. Jane Street Group LLC lifted its holdings in RLJ Lodging Trust by 44.5% during the 3rd quarter. Jane Street Group LLC now owns 212,482 shares of the real estate investment trust's stock worth $1,951,000 after buying an additional 65,398 shares in the last quarter. XTX Topco Ltd boosted its position in RLJ Lodging Trust by 14.1% in the 3rd quarter. XTX Topco Ltd now owns 52,053 shares of the real estate investment trust's stock valued at $478,000 after buying an additional 6,428 shares during the period. Nomura Asset Management Co. Ltd. grew its stake 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 worth $1,769,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of RLJ Lodging Trust by 0.4% during 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 acquiring an additional 1,634 shares during the period. Institutional investors and hedge funds own 92.35% of the company's stock.

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Insider Activity

In other news, Director Patricia L. Gibson acquired 10,000 shares of RLJ Lodging Trust stock in a transaction on Friday, March 28th. The stock was bought at an average price of $8.03 per share, for a total transaction of $80,300.00. Following the completion of the purchase, the director now owns 124,217 shares in the company, valued at $997,462.51. This represents a 8.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. KeyCorp decreased their target price on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, March 24th. StockNews.com downgraded RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, April 8th. Truist Financial cut shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and reduced their target price for the company from $11.00 to $10.00 in a report on Friday, March 21st. Finally, Wells Fargo & Company lowered their price target on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $10.82.

RLJ Lodging Trust Stock Up 1.0 %

RLJ stock traded up $0.07 during trading on Tuesday, hitting $6.89. 2,537,673 shares of the company's stock were exchanged, compared to its average volume of 1,746,092. The business has a 50-day moving average price of $8.56 and a two-hundred day moving average price of $9.34. 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 capitalization of $1.04 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 2.87 and a beta of 1.51. RLJ Lodging Trust has a 52-week low of $6.16 and a 52-week high of $11.48.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The business had revenue of $329.99 million during the quarter, compared to analysts' expectations of $324.66 million. As a group, equities research analysts expect that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date of this dividend is Monday, March 31st. RLJ Lodging Trust's dividend payout ratio (DPR) is currently 222.22%.

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.