Sanctuary Advisors LLC purchased a new stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 28,108 shares of the real estate investment trust's stock, valued at approximately $277,000.
Several other hedge funds have also bought and sold shares of RLJ. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of RLJ Lodging Trust by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 1,564 shares during the period. Aigen Investment Management LP bought a new position in RLJ Lodging Trust in the 3rd quarter worth $107,000. Metis Global Partners LLC boosted its holdings in RLJ Lodging Trust by 31.0% in the 3rd quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust's stock worth $145,000 after buying an additional 3,738 shares during the period. Creative Planning bought a new position in RLJ Lodging Trust in the 3rd quarter worth $275,000. Finally, Centiva Capital LP bought a new position in shares of RLJ Lodging Trust in the third quarter worth about $351,000. Institutional investors own 92.35% of the company's stock.
RLJ Lodging Trust Price Performance
Shares of NYSE:RLJ traded up $0.28 on Friday, reaching $9.55. The company's stock had a trading volume of 1,946,200 shares, compared to its average volume of 1,722,359. The company has a 50-day simple moving average of $9.72 and a 200 day simple moving average of $9.63. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week high of $12.26. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market cap of $1.45 billion, a P/E ratio of 32.94, a PEG ratio of 2.87 and a beta of 1.69.
RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The company had revenue of $329.99 million during the quarter, compared to analyst estimates of $324.66 million. As a group, equities research analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.
RLJ Lodging Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 6.28%. RLJ Lodging Trust's payout ratio is presently 222.22%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on RLJ shares. Wells Fargo & Company dropped their price target on RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a research note on Tuesday, February 18th. StockNews.com upgraded shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Oppenheimer upped 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 report on Tuesday, November 12th. Two 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.79.
Check Out Our Latest Report on RLJ
About RLJ Lodging Trust
(
Free Report)
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.
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