GSA Capital Partners LLP Takes $551,000 Position in RLJ Lodging Trust (NYSE:RLJ)

GSA Capital Partners LLP acquired a new stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 69,787 shares of the real estate investment trust's stock, valued at approximately $551,000.

A number of other institutional investors also recently added to or reduced their stakes in RLJ. Two Sigma Investments LP raised its stake in shares of RLJ Lodging Trust by 103.5% in the fourth quarter. Two Sigma Investments LP now owns 488,403 shares of the real estate investment trust's stock valued at $4,987,000 after acquiring an additional 248,350 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of RLJ Lodging Trust in the fourth quarter valued at approximately $995,000. Man Group plc raised its position in RLJ Lodging Trust by 300.6% in the 4th quarter. Man Group plc now owns 712,904 shares of the real estate investment trust's stock worth $7,279,000 after purchasing an additional 534,938 shares during the last quarter. Woodline Partners LP bought a new position in RLJ Lodging Trust in the 4th quarter worth approximately $9,714,000. Finally, Deutsche Bank AG raised its position in RLJ Lodging Trust by 26.4% in the 4th quarter. Deutsche Bank AG now owns 201,572 shares of the real estate investment trust's stock worth $2,058,000 after purchasing an additional 42,143 shares during the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Trading Down 4.0%

Shares of RLJ traded down $0.30 during trading hours on Friday, reaching $7.08. The stock had a trading volume of 1,671,570 shares, compared to its average volume of 2,089,572. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 1.18. RLJ Lodging Trust has a 52 week low of $6.16 and a 52 week high of $10.84. The firm has a 50-day moving average of $7.46 and a 200 day moving average of $7.99. The company has a market cap of $1.07 billion, a P/E ratio of 27.17 and a beta of 1.54.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. The firm had revenue of $363.10 million during the quarter, compared to analyst estimates of $365.30 million. RLJ Lodging Trust had a net margin of 4.84% and a return on equity of 3.43%. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. On average, sell-side analysts expect that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date was Monday, June 30th. RLJ Lodging Trust's dividend payout ratio is currently 230.77%.

Wall Street Analysts Forecast Growth

RLJ has been the subject of several research analyst reports. Wall Street Zen cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Wells Fargo & Company lifted their price objective on RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Oppenheimer decreased their price objective on RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Finally, Truist Financial decreased their price objective on RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating for the company in a research note on Monday, June 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, RLJ Lodging Trust presently has a consensus rating of "Hold" and an average target price of $9.25.

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.