101,691 Shares in RLJ Lodging Trust (NYSE:RLJ) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 101,691 shares of the real estate investment trust's stock, valued at approximately $1,038,000. New Age Alpha Advisors LLC owned about 0.07% of RLJ Lodging Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RLJ. US Bancorp DE boosted its holdings in shares of RLJ Lodging Trust by 78.2% in the 4th 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 during the period. Xponance Inc. purchased a new position in RLJ Lodging Trust during the fourth quarter worth $112,000. EntryPoint Capital LLC increased its position in RLJ Lodging Trust by 23.8% during the fourth quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 2,624 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at $146,000. Finally, Metis Global Partners LLC lifted its holdings in shares of RLJ Lodging Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust's stock worth $180,000 after acquiring an additional 1,796 shares during the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at RLJ Lodging Trust

In other news, Director Patricia L. Gibson purchased 10,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were acquired at an average cost of $8.03 per share, with a total value of $80,300.00. Following the completion of the acquisition, the director now owns 124,217 shares of the company's stock, valued at $997,462.51. This trade represents a 8.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently commented on RLJ. KeyCorp cut 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 report on Monday, March 24th. Wells Fargo & Company cut their target price 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. StockNews.com raised RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Truist Financial downgraded RLJ Lodging Trust from a "buy" rating to a "hold" rating and decreased their target price for the stock from $11.00 to $10.00 in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $10.82.

RLJ Lodging Trust Stock Down 4.0 %

Shares of RLJ stock traded down $0.29 during mid-day trading on Friday, hitting $6.83. The stock had a trading volume of 8,686,743 shares, compared to its average volume of 1,680,982. RLJ Lodging Trust has a 12-month low of $6.50 and a 12-month high of $11.99. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. The firm's 50-day moving average is $9.09 and its two-hundred day moving average is $9.51. The firm has a market capitalization of $1.04 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 2.87 and a beta of 1.69.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $329.99 million during the quarter, compared to analyst estimates of $324.66 million. On average, analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.79%. The ex-dividend date is Monday, March 31st. RLJ Lodging Trust's payout ratio is 222.22%.

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.