SG Americas Securities LLC Purchases 58,002 Shares of RLJ Lodging Trust (NYSE:RLJ)

SG Americas Securities LLC raised its position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 86.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,076 shares of the real estate investment trust's stock after purchasing an additional 58,002 shares during the quarter. SG Americas Securities LLC owned 0.08% of RLJ Lodging Trust worth $1,478,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RLJ. Hazelview Securities Inc. acquired a new stake in RLJ Lodging Trust during the 1st quarter valued at $82,000. Metis Global Partners LLC acquired a new position in shares of RLJ Lodging Trust in the fourth quarter worth $122,000. Stevens Capital Management LP acquired a new position in shares of RLJ Lodging Trust in the fourth quarter worth $128,000. Allspring Global Investments Holdings LLC increased its stake in shares of RLJ Lodging Trust by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,944 shares of the real estate investment trust's stock worth $141,000 after acquiring an additional 1,229 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of RLJ Lodging Trust in the fourth quarter worth $168,000. 92.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RLJ has been the topic of a number of research reports. Robert W. Baird dropped their price target on shares of RLJ Lodging Trust from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 11th. StockNews.com downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, RLJ Lodging Trust has a consensus rating of "Hold" and an average price target of $13.58.

RLJ Lodging Trust Stock Up 0.5 %

NYSE:RLJ traded up $0.04 during trading hours on Wednesday, reaching $9.98. The company's stock had a trading volume of 2,402,513 shares, compared to its average volume of 1,298,170. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 0.86 and a beta of 1.70. RLJ Lodging Trust has a one year low of $9.06 and a one year high of $12.39. The business's 50-day moving average is $9.83 and its 200-day moving average is $10.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.81 and a quick ratio of 2.81.

RLJ Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Friday, June 28th. RLJ Lodging Trust's dividend payout ratio is presently 142.86%.

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.