RLJ Lodging Trust (NYSE:RLJ) Shares Acquired by Man Group plc

Man Group plc increased its stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 300.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 712,904 shares of the real estate investment trust's stock after purchasing an additional 534,938 shares during the quarter. Man Group plc owned about 0.47% of RLJ Lodging Trust worth $7,279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of RLJ Lodging Trust by 0.5% during the 4th quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust's stock worth $2,888,000 after purchasing an additional 1,320 shares during the last quarter. US Bancorp DE lifted its position in shares of RLJ Lodging Trust by 78.2% during the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,417 shares in the last quarter. Metis Global Partners LLC increased its stake in shares of RLJ Lodging Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust's stock worth $180,000 after purchasing an additional 1,796 shares in the last quarter. EntryPoint Capital LLC grew its stake 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 buying an additional 2,624 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in RLJ Lodging Trust by 0.3% during the 4th 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. 92.35% of the stock is owned by institutional investors.

Insider Buying and Selling at RLJ Lodging Trust

In other RLJ Lodging Trust news, Director Patricia L. Gibson purchased 10,000 shares of the stock in a transaction on Friday, March 28th. The stock was bought at an average price of $8.03 per share, for a total transaction of $80,300.00. Following the acquisition, the director now directly owns 124,217 shares of the company's stock, valued at $997,462.51. This represents a 8.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.90% of the stock is currently owned by insiders.

RLJ Lodging Trust Stock Performance

Shares of RLJ traded up $0.00 during trading hours on Friday, hitting $7.15. The stock had a trading volume of 2,565,850 shares, compared to its average volume of 1,886,496. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.87 and a beta of 1.50. The firm has a 50-day moving average price of $7.36 and a 200 day moving average price of $8.96. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $10.84.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced 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. 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 analyst estimates of $328.08 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. RLJ Lodging Trust's quarterly revenue was up 1.1% on a year-over-year basis. As a group, research analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 8.39%. RLJ Lodging Trust's dividend payout ratio (DPR) is 230.77%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RLJ shares. Truist Financial lowered shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and cut their target price for the company from $11.00 to $10.00 in a research report on Friday, March 21st. Wells Fargo & Company dropped their price objective on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a research note on Tuesday, February 18th. Oppenheimer lowered their target price on shares of RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. KeyCorp decreased their price objective 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, Wall Street Zen downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $10.68.

RLJ Lodging Trust Company 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.