RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 78.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,770 shares of the real estate investment trust's stock after selling 68,972 shares during the period. Y Intercept Hong Kong Ltd's holdings in RLJ Lodging Trust were worth $172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RLJ. Mirae Asset Global Investments Co. Ltd. grew its position in shares of RLJ Lodging Trust by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 1,564 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of RLJ Lodging Trust by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 225,738 shares of the real estate investment trust's stock worth $2,072,000 after purchasing an additional 1,755 shares during the last quarter. Quarry LP grew its holdings in shares of RLJ Lodging Trust by 197.3% during the second quarter. Quarry LP now owns 5,465 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 3,627 shares during the last quarter. Metis Global Partners LLC increased its position in shares of RLJ Lodging Trust by 31.0% during the third quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 3,738 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of RLJ Lodging Trust by 12.3% in the 3rd quarter. Cerity Partners LLC now owns 55,310 shares of the real estate investment trust's stock valued at $508,000 after purchasing an additional 6,039 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on RLJ. Truist Financial reduced their price objective on RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Wells Fargo & Company increased their price target on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an "underweight" rating in a research note on Monday, December 9th. 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. Oppenheimer increased their target price on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, RLJ Lodging Trust currently has an average rating of "Hold" and a consensus price target of $11.50.

RLJ Lodging Trust Price Performance

NYSE:RLJ traded up $0.17 during trading hours on Friday, reaching $10.29. 3,244,228 shares of the company traded hands, compared to its average volume of 1,453,267. 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 $9.72 and its 200-day moving average is $9.52. The stock has a market cap of $1.58 billion, a P/E ratio of 35.48, a P/E/G ratio of 2.31 and a beta of 1.72. 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 posted 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). The company had revenue of $345.74 million for the quarter, compared to analyst estimates of $342.93 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The firm's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. Equities research analysts expect that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Tuesday, December 31st. RLJ Lodging Trust's payout ratio is 206.90%.

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.