Thrivent Financial for Lutherans Makes New $4.37 Million Investment in RLJ Lodging Trust (NYSE:RLJ)

Thrivent Financial for Lutherans bought a new stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 428,380 shares of the real estate investment trust's stock, valued at approximately $4,374,000. Thrivent Financial for Lutherans owned 0.28% of RLJ Lodging Trust as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of RLJ Lodging Trust by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust's stock valued at $32,977,000 after buying an additional 170,484 shares in the last quarter. Barclays PLC lifted its position in 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 during the period. Fisher Asset Management LLC boosted its stake in RLJ Lodging Trust by 7.5% during 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 acquiring an additional 232,393 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $277,000. Finally, JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 240,254 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several analysts recently weighed in on the company. KeyCorp cut their price target on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Truist Financial downgraded RLJ Lodging Trust from a "buy" rating to a "hold" rating and reduced their price target for the company from $11.00 to $10.00 in a report on Friday, March 21st. Wells Fargo & Company dropped their price target on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $10.82.

RLJ Lodging Trust Stock Performance

Shares of RLJ stock traded down $0.17 during trading hours on Friday, reaching $8.03. The company had a trading volume of 2,012,769 shares, compared to its average volume of 1,603,487. 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 business has a fifty day moving average price of $9.32 and a 200-day moving average price of $9.57. RLJ Lodging Trust has a one year low of $7.98 and a one year high of $11.99. The firm has a market cap of $1.22 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 2.87 and a beta of 1.69.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its earnings results 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 business 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%. Sell-side analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date is Monday, March 31st. RLJ Lodging Trust's dividend 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.