Patricia L. Gibson Acquires 10,000 Shares of RLJ Lodging Trust (NYSE:RLJ) Stock

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) Director Patricia L. Gibson purchased 10,000 shares of the firm's stock in a transaction that occurred 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 purchase, the director now directly owns 124,217 shares in the company, valued at $997,462.51. The trade was a 8.76 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

RLJ Lodging Trust Stock Down 4.0 %

Shares of NYSE:RLJ traded down $0.29 during trading hours on Friday, hitting $6.83. The company's stock had a trading volume of 8,686,743 shares, compared to its average volume of 1,676,455. The firm's fifty day moving average price is $9.09 and its 200 day moving average price is $9.51. RLJ Lodging Trust has a 52 week low of $6.30 and a 52 week high of $11.99. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 2.87 and a beta of 1.69. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.36. The company had revenue of $329.99 million during the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. As a group, research analysts expect that RLJ Lodging Trust will post 1.37 EPS for the current year.

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RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 8.79%. The ex-dividend date is Monday, March 31st. RLJ Lodging Trust's payout ratio is currently 222.22%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On RLJ Lodging Trust

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of RLJ Lodging Trust by 402.7% in the 1st quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust's stock worth $29,000 after buying an additional 2,944 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in RLJ Lodging Trust in the fourth quarter worth $3,678,000. GF Fund Management CO. LTD. purchased a new position in RLJ Lodging Trust in the fourth quarter worth $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of RLJ Lodging Trust by 5.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 890,487 shares of the real estate investment trust's stock worth $9,092,000 after purchasing an additional 48,734 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of RLJ Lodging Trust during the 4th quarter valued at $9,714,000. 92.35% of the stock is currently owned by institutional investors.

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.