RLJ Lodging Trust (NYSE:RLJ) Shares Purchased by Barclays PLC

Barclays PLC lifted its position in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 22.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 332,437 shares of the real estate investment trust's stock after purchasing an additional 60,688 shares during the quarter. Barclays PLC owned about 0.22% of RLJ Lodging Trust worth $3,394,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers raised its position in RLJ Lodging Trust by 0.5% during the 4th quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust's stock worth $2,888,000 after buying an additional 1,320 shares during the last quarter. US Bancorp DE increased its stake in shares of 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 during the period. Metis Global Partners LLC raised its holdings in shares of RLJ Lodging Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust's stock worth $180,000 after purchasing an additional 1,796 shares during the last quarter. EntryPoint Capital LLC lifted its position in RLJ Lodging Trust by 23.8% during the fourth quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 2,624 shares during the period. Finally, Clearbridge Investments LLC grew its position in RLJ Lodging Trust by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 1,315,588 shares of the real estate investment trust's stock worth $13,432,000 after purchasing an additional 4,258 shares during the period. Institutional investors and hedge funds own 92.35% of the company's stock.

Insider Activity

In other RLJ Lodging Trust news, Director Patricia L. Gibson bought 10,000 shares of RLJ Lodging Trust stock in a transaction dated Friday, March 28th. The stock was acquired at an average cost of $8.03 per share, for a total transaction of $80,300.00. Following the completion of the transaction, the director now directly owns 124,217 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is available through this link. Company insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RLJ. Truist Financial cut RLJ Lodging Trust from a "buy" rating to a "hold" rating and decreased their price objective for the company from $11.00 to $10.00 in a report on Friday, March 21st. KeyCorp lowered their price objective on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. StockNews.com cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Wells Fargo & Company decreased their target price on shares of 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. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.82.

RLJ Lodging Trust Price Performance

RLJ Lodging Trust stock traded up $0.16 during trading on Friday, reaching $7.27. The company had a trading volume of 3,696,375 shares, compared to its average volume of 1,801,040. The firm has a market capitalization of $1.10 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.87 and a beta of 1.51. The firm's 50-day simple moving average is $7.90 and its 200 day simple moving average is $9.14. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. RLJ Lodging Trust has a 1-year low of $6.16 and a 1-year high of $10.87.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share (EPS) 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 business had revenue of $329.99 million for 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 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.25%. RLJ Lodging Trust's payout ratio is currently 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.