Russell Investments Group Ltd. Has $3.96 Million Stock Holdings in RLJ Lodging Trust (NYSE:RLJ)

Russell Investments Group Ltd. increased its position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 116.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 388,028 shares of the real estate investment trust's stock after buying an additional 209,107 shares during the period. Russell Investments Group Ltd. owned about 0.25% of RLJ Lodging Trust worth $3,962,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of RLJ Lodging Trust by 97.4% during the 3rd quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust's stock valued at $2,495,000 after acquiring an additional 134,093 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of RLJ Lodging Trust by 7.5% in the fourth quarter. Fisher Asset Management LLC now owns 3,331,818 shares of the real estate investment trust's stock worth $34,018,000 after purchasing an additional 232,393 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in RLJ Lodging Trust during the 4th quarter valued at about $277,000. JPMorgan Chase & Co. increased its stake in shares of RLJ Lodging Trust by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust's stock valued at $47,429,000 after acquiring an additional 240,254 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of RLJ Lodging Trust in the 4th quarter worth $355,000. Institutional investors and hedge funds own 92.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on RLJ. Wells Fargo & Company dropped their target price on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a report on Tuesday, February 18th. Truist Financial lowered RLJ Lodging Trust from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $11.00 to $10.00 in a research report on Friday, March 21st. StockNews.com cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Tuesday, April 8th. Finally, KeyCorp lowered their price target on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $10.82.

Insider Activity

In related news, 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 price of $8.03 per share, with a total value of $80,300.00. Following the purchase, the director now directly owns 124,217 shares in the company, valued at $997,462.51. This represents a 8.76 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.90% of the company's stock.

RLJ Lodging Trust Stock Performance

RLJ Lodging Trust stock traded up $0.17 on Friday, reaching $6.93. 3,337,455 shares of the stock were exchanged, compared to its average volume of 1,765,348. The stock has a market cap of $1.05 billion, a PE ratio of 23.88, a PEG ratio of 2.87 and a beta of 1.51. The firm has a fifty day moving average price of $8.39 and a two-hundred day moving average price of $9.29. RLJ Lodging Trust has a twelve month low of $6.16 and a twelve month high of $11.48. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.36. The firm had revenue of $329.99 million during the quarter, compared to analysts' expectations of $324.66 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. Sell-side analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.66%. The ex-dividend date of this dividend was Monday, March 31st. RLJ Lodging Trust's payout ratio is 222.22%.

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.