RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 37.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 546,762 shares of the real estate investment trust's stock after selling 326,936 shares during the period. Nordea Investment Management AB owned about 0.36% of RLJ Lodging Trust worth $5,591,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in RLJ Lodging Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust's stock valued at $32,977,000 after purchasing an additional 170,484 shares during the last quarter. Barclays PLC increased its stake in RLJ Lodging Trust by 97.4% in the third quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust's stock valued at $2,495,000 after purchasing an additional 134,093 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of RLJ Lodging Trust by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust's stock valued at $47,429,000 after buying an additional 240,254 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of RLJ Lodging Trust by 22.3% during the third quarter. Inspire Investing LLC now owns 44,682 shares of the real estate investment trust's stock worth $410,000 after buying an additional 8,136 shares during the period. Finally, Creative Planning purchased a new position in shares of RLJ Lodging Trust during the third quarter worth about $275,000. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Price Performance

Shares of NYSE RLJ traded up $0.15 during trading on Friday, hitting $9.83. 3,068,996 shares of the company were exchanged, compared to its average volume of 1,823,783. The firm's fifty day moving average price is $10.03 and its 200 day moving average price is $9.56. 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 company has a market cap of $1.51 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.31 and a beta of 1.70. RLJ Lodging Trust has a 1 year low of $8.74 and a 1 year high of $12.39.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.23). RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The company had revenue of $345.74 million for the quarter, compared to analysts' expectations of $342.93 million. During the same period in the prior year, the firm posted $0.40 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts expect that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 6.10%. RLJ Lodging Trust's dividend payout ratio is presently 206.90%.

Analysts Set New Price Targets

Several research firms have commented on RLJ. Oppenheimer upped their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Truist Financial decreased their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating for the company in a report on Monday, October 28th. StockNews.com lowered shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Thursday. Wells Fargo & Company upped their price objective on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an "underweight" rating in a research report on Monday, December 9th. Finally, Wolfe Research downgraded shares of RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a report on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.92.

RLJ Lodging Trust 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.