RLJ Lodging Trust (NYSE:RLJ - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.60 and traded as high as $9.79. RLJ Lodging Trust shares last traded at $9.77, with a volume of 801,357 shares changing hands.
Wall Street Analyst Weigh In
RLJ has been the subject of several recent research reports. StockNews.com raised RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Thursday. Wells Fargo & Company upped their price target on RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an "underweight" rating in a research report on Monday, December 9th. Oppenheimer lifted their price objective on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Truist Financial reduced their target price on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating for the company in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.92.
View Our Latest Report on RLJ
RLJ Lodging Trust Trading Down 2.2 %
The company has a market cap of $1.46 billion, a P/E ratio of 32.95 and a beta of 1.68. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average price of $10.07 and a 200-day moving average price of $9.61.
RLJ Lodging Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.28%. The ex-dividend date was Tuesday, December 31st. RLJ Lodging Trust's dividend payout ratio (DPR) is currently 206.90%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of RLJ. Donald Smith & CO. Inc. lifted its stake in RLJ Lodging Trust by 46.6% in the 3rd quarter. Donald Smith & CO. Inc. now owns 4,855,122 shares of the real estate investment trust's stock valued at $44,570,000 after purchasing an additional 1,543,848 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of RLJ Lodging Trust by 294.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 841,753 shares of the real estate investment trust's stock valued at $7,727,000 after buying an additional 628,157 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at approximately $4,374,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of RLJ Lodging Trust by 25.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,991,625 shares of the real estate investment trust's stock worth $18,283,000 after acquiring an additional 400,100 shares during the period. Finally, State Street Corp increased its holdings in shares of RLJ Lodging Trust by 4.8% during the 3rd quarter. State Street Corp now owns 7,397,290 shares of the real estate investment trust's stock worth $68,999,000 after acquiring an additional 340,271 shares during the last quarter. Institutional investors own 92.35% of the company's stock.
RLJ Lodging Trust Company Profile
(
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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.
Further Reading
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