Zurcher Kantonalbank Zurich Cantonalbank Acquires 36,707 Shares of RLJ Lodging Trust (NYSE:RLJ)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 61.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,530 shares of the real estate investment trust's stock after acquiring an additional 36,707 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of RLJ Lodging Trust worth $986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RLJ. US Bancorp DE grew its position in RLJ Lodging Trust by 78.2% in the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 1,417 shares in the last quarter. Metis Global Partners LLC boosted 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 valued at $145,000 after buying an additional 3,738 shares during the period. Cornerstone Investment Partners LLC purchased a new position in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $209,000. Sanctuary Advisors LLC purchased a new position in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $277,000. Finally, Centiva Capital LP purchased a new position in shares of RLJ Lodging Trust during the third quarter valued at approximately $351,000. Hedge funds and other institutional investors own 92.35% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RLJ shares. Truist Financial lowered RLJ Lodging Trust from a "buy" rating to a "hold" rating and dropped their target price for the company from $11.00 to $10.00 in a research report on Friday. StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company dropped their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $10.63.

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RLJ Lodging Trust Trading Down 5.2 %

Shares of RLJ Lodging Trust stock traded down $0.46 on Friday, hitting $8.42. 5,654,912 shares of the company traded hands, compared to its average volume of 1,491,128. The stock's 50 day moving average price is $9.48 and its 200-day moving average price is $9.60. 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 has a 52 week low of $8.26 and a 52 week high of $11.99. The company has a market cap of $1.28 billion, a PE ratio of 29.03, a PEG ratio of 2.87 and a beta of 1.69.

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

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.13%. The ex-dividend date is Monday, March 31st. RLJ Lodging Trust's dividend payout ratio is presently 222.22%.

About RLJ Lodging Trust

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.