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

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Picton Mahoney Asset Management acquired a new position in RLJ Lodging Trust during the first quarter worth $341,000. Carrera Capital Advisors acquired a new position in RLJ Lodging Trust during the first quarter worth $1,066,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in RLJ Lodging Trust by 5.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,739 shares of the real estate investment trust's stock worth $803,000 after acquiring an additional 5,209 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in RLJ Lodging Trust by 1.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 364,659 shares of the real estate investment trust's stock worth $2,877,000 after acquiring an additional 4,466 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in RLJ Lodging Trust during the first quarter worth $915,000. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Stock Up 0.8%

RLJ opened at $7.28 on Tuesday. 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 one year low of $6.16 and a one year high of $10.84. The business's fifty day moving average is $7.46 and its two-hundred day moving average is $8.02. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 27.98 and a beta of 1.54.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings data 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 return on equity of 3.43% and a net margin of 4.84%. The business had revenue of $328.12 million for the quarter, compared to the consensus estimate of $328.08 million. During the same period in the prior year, the business earned $0.33 earnings per share. The business's revenue was up 1.1% on a year-over-year basis. Analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.2%. 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 topic of a number of recent analyst reports. Wall Street Zen lowered RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Wells Fargo & Company boosted their target price on RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. Truist Financial decreased their target price on RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating on the stock in a research report on Monday, June 9th. Finally, Oppenheimer decreased their target price on RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9.40.

RLJ Lodging Trust 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.

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