Two Sigma Investments LP Acquires 248,350 Shares of RLJ Lodging Trust (NYSE:RLJ)

Two Sigma Investments LP raised its position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 103.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 488,403 shares of the real estate investment trust's stock after buying an additional 248,350 shares during the period. Two Sigma Investments LP owned about 0.32% of RLJ Lodging Trust worth $4,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of RLJ. US Bancorp DE grew its holdings in RLJ Lodging Trust by 78.2% during 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 last quarter. CreativeOne Wealth LLC bought a new stake in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $111,000. Xponance Inc. acquired a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at approximately $112,000. EntryPoint Capital LLC raised 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, Cibc World Markets Corp bought a new position in RLJ Lodging Trust in the 4th quarter worth approximately $146,000. Institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Stock Performance

Shares of RLJ stock remained flat at $7.30 during trading hours on Friday. 2,283,048 shares of the company's stock traded hands, compared to its average volume of 1,893,727. The stock has a market capitalization of $1.11 billion, a P/E ratio of 25.17, a PEG ratio of 2.87 and a beta of 1.50. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a 52-week low of $6.16 and a 52-week high of $10.84. The stock has a 50-day simple moving average of $7.23 and a 200 day simple moving average of $8.87.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $328.12 million for the quarter, compared to analysts' expectations of $328.08 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 earnings per share. Equities analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date was Monday, March 31st. RLJ Lodging Trust's payout ratio is 230.77%.

Insider Buying and Selling

In other news, Director Patricia L. Gibson acquired 10,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were acquired at an average cost of $8.03 per share, with a total value of $80,300.00. Following the transaction, the director now owns 124,217 shares in the company, valued at $997,462.51. The trade was a 8.76% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.