132,641 Shares in RLJ Lodging Trust (NYSE:RLJ) Acquired by Carrera Capital Advisors

Key Points

• Carrera Capital Advisors acquired 132,641 shares of RLJ Lodging Trust valued at approximately $1,066,000 during the first quarter, representing about 0.09% of the company's total shares.
• Several institutional investors, including Woodline Partners LP and Ameriprise Financial Inc., have significantly increased their stakes in RLJ Lodging Trust during the fourth quarter.
• RLJ Lodging Trust reported earnings of $0.31 per share for the last quarter, exceeding analyst expectations, while also declaring a quarterly dividend with a yield of 7.66%.

Carrera Capital Advisors purchased a new position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 132,641 shares of the real estate investment trust's stock, valued at approximately $1,066,000. Carrera Capital Advisors owned about 0.09% of RLJ Lodging Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RLJ. Woodline Partners LP purchased a new position in shares of RLJ Lodging Trust during the 4th quarter worth $9,714,000. Donald Smith & CO. Inc. boosted its stake in shares of RLJ Lodging Trust by 18.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 5,756,233 shares of the real estate investment trust's stock worth $58,771,000 after acquiring an additional 901,111 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of RLJ Lodging Trust by 58.5% during the 4th quarter. Ameriprise Financial Inc. now owns 2,398,066 shares of the real estate investment trust's stock worth $24,486,000 after acquiring an additional 885,071 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of RLJ Lodging Trust during the 4th quarter worth $9,036,000. Finally, Man Group plc boosted its stake in shares of RLJ Lodging Trust by 300.6% during the 4th quarter. Man Group plc now owns 712,904 shares of the real estate investment trust's stock worth $7,279,000 after acquiring an additional 534,938 shares during the last quarter. Hedge funds and other institutional investors own 92.35% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RLJ shares. Oppenheimer dropped their price target on shares of RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Truist Financial dropped their price target on shares of RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating on the stock in a research note on Monday, June 9th. Wells Fargo & Company lifted their target price on shares of RLJ Lodging Trust from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $9.40.

RLJ Lodging Trust Stock Up 1.8%

RLJ opened at $7.84 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.57 and a current ratio of 2.57. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $10.84. The firm's fifty day moving average is $7.43 and its 200 day moving average is $8.13. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 2.49 and a beta of 1.47.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. RLJ Lodging Trust had a net margin of 4.84% and a return on equity of 3.43%. The company had revenue of $328.12 million for the quarter, compared to analysts' expectations of $328.08 million. During the same quarter in the previous year, the company earned $0.33 EPS. RLJ Lodging Trust's revenue for the quarter was up 1.1% on a year-over-year basis. On average, sell-side analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.66%. The ex-dividend date was Monday, June 30th. RLJ Lodging Trust's payout ratio is currently 230.77%.

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.

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