RLJ Lodging Trust (NYSE:RLJ) Position Raised by Sei Investments Co.

Sei Investments Co. grew its stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 23.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 393,842 shares of the real estate investment trust's stock after acquiring an additional 75,654 shares during the quarter. Sei Investments Co. owned about 0.25% of RLJ Lodging Trust worth $3,793,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Hazelview Securities Inc. acquired a new position in shares of RLJ Lodging Trust in the 1st quarter valued at $82,000. BOKF NA purchased a new stake in shares of RLJ Lodging Trust during the first quarter valued at approximately $139,000. Allspring Global Investments Holdings LLC lifted its position in shares of RLJ Lodging Trust by 11.5% during 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 purchasing an additional 1,229 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of RLJ Lodging Trust by 32.3% in the first quarter. Lazard Asset Management LLC now owns 12,491 shares of the real estate investment trust's stock valued at $147,000 after purchasing an additional 3,052 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in RLJ Lodging Trust during the 2nd quarter valued at $158,000. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird dropped their target price on RLJ Lodging Trust from $13.00 to $12.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 11th. Bank of America reduced their target price on RLJ Lodging Trust from $12.00 to $10.00 and set an "underperform" rating for the company in a research note on Monday, July 22nd. Wolfe Research lowered shares of RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 26th. StockNews.com downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Friday, September 20th. Finally, Compass Point lowered shares of RLJ Lodging Trust from a "buy" rating to a "neutral" rating and cut their target price for the company from $18.00 to $10.00 in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.14.

RLJ Lodging Trust Stock Performance

Shares of NYSE:RLJ traded down $0.09 during trading on Thursday, hitting $9.25. 1,164,191 shares of the company traded hands, compared to its average volume of 1,376,642. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.12. The business's fifty day moving average is $9.30 and its 200-day moving average is $10.05. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 0.89 and a beta of 1.70. RLJ Lodging Trust has a one year low of $8.79 and a one year high of $12.39.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.25). The company had revenue of $369.30 million for the quarter, compared to the consensus estimate of $365.67 million. RLJ Lodging Trust had a return on equity of 3.34% and a net margin of 4.93%. RLJ Lodging Trust's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 earnings per share. As a group, equities analysts predict that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

RLJ Lodging Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.49%. This is a positive change from RLJ Lodging Trust's previous quarterly dividend of $0.10. The ex-dividend date is Monday, September 30th. RLJ Lodging Trust's payout ratio is presently 142.86%.

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.