Deutsche Bank AG Has $2.06 Million Stock Position in RLJ Lodging Trust (NYSE:RLJ)

Deutsche Bank AG increased its position in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,572 shares of the real estate investment trust's stock after buying an additional 42,143 shares during the period. Deutsche Bank AG owned about 0.13% of RLJ Lodging Trust worth $2,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rhumbline Advisers raised its holdings in RLJ Lodging Trust by 0.5% in the fourth quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust's stock valued at $2,888,000 after buying an additional 1,320 shares during the period. US Bancorp DE increased its holdings in shares of RLJ Lodging Trust by 78.2% in the 4th 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 lifted its position in RLJ Lodging Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust's stock valued at $180,000 after purchasing an additional 1,796 shares during the last quarter. EntryPoint Capital LLC grew its position in RLJ Lodging Trust by 23.8% in the 4th quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust's stock worth $139,000 after purchasing an additional 2,624 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of RLJ Lodging Trust by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 1,315,588 shares of the real estate investment trust's stock valued at $13,432,000 after buying an additional 4,258 shares during the last quarter. Hedge funds and other institutional investors own 92.35% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on RLJ. Oppenheimer cut their target price on 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. Wall Street Zen downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Wells Fargo & Company dropped their target price on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a report on Tuesday, February 18th. KeyCorp reduced their price objective on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Finally, Truist Financial lowered shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and cut their price target for the company from $11.00 to $10.00 in a report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $10.68.

RLJ Lodging Trust Stock Performance

Shares of RLJ traded down $0.07 on Wednesday, reaching $7.35. 138,074 shares of the stock traded hands, compared to its average volume of 2,345,863. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 2.87 and a beta of 1.50. RLJ Lodging Trust has a 12 month low of $6.16 and a 12 month high of $10.84. The stock's 50-day moving average price is $7.30 and its 200-day moving average price is $8.93. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The firm had revenue of $328.12 million during the quarter, compared to the consensus estimate of $328.08 million. During the same period last year, the firm posted $0.33 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 8.16%. RLJ Lodging Trust's payout ratio is currently 230.77%.

Insider Activity

In other news, Director Patricia L. Gibson acquired 10,000 shares of the firm's stock in a transaction that occurred on 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 acquisition, the director now owns 124,217 shares in the company, valued at $997,462.51. This represents a 8.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by company insiders.

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.