Segall Bryant & Hamill LLC Invests $915,000 in RLJ Lodging Trust (NYSE:RLJ)

Segall Bryant & Hamill LLC acquired a new position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 115,931 shares of the real estate investment trust's stock, valued at approximately $915,000. Segall Bryant & Hamill LLC owned approximately 0.08% of RLJ Lodging Trust as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in shares of RLJ Lodging Trust by 2,455.6% during the first quarter. Victory Capital Management Inc. now owns 469,769 shares of the real estate investment trust's stock worth $3,706,000 after acquiring an additional 451,387 shares in the last quarter. Palisade Capital Management LP increased its position in shares of RLJ Lodging Trust by 0.4% during the first quarter. Palisade Capital Management LP now owns 3,071,508 shares of the real estate investment trust's stock worth $24,234,000 after acquiring an additional 11,235 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of RLJ Lodging Trust during the first quarter worth $177,000. KBC Group NV acquired a new position in RLJ Lodging Trust during the first quarter worth $27,000. Finally, Asset Management One Co. Ltd. boosted its holdings in RLJ Lodging Trust by 0.8% during the first quarter. Asset Management One Co. Ltd. now owns 222,411 shares of the real estate investment trust's stock worth $1,755,000 after purchasing an additional 1,762 shares during the last quarter. Institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Stock Performance

RLJ stock traded up $0.04 during trading hours on Friday, reaching $7.55. The stock had a trading volume of 1,043,353 shares, compared to its average volume of 1,909,247. The stock has a market capitalization of $1.15 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.40 and a beta of 1.47. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.57 and a quick ratio of 2.57. The stock has a 50-day simple moving average of $7.41 and a 200 day simple moving average of $8.20. 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 results on Monday, May 5th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $328.12 million during the quarter, compared to analysts' expectations of $328.08 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 up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. Analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date of this dividend was Monday, June 30th. RLJ Lodging Trust's dividend payout ratio is currently 230.77%.

Wall Street Analyst Weigh In

Several brokerages recently commented on RLJ. Wall Street Zen cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Wells Fargo & Company increased their target price on shares of RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Truist Financial reduced their target price on shares of RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating for the company in a report on Monday, June 9th. 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, Oppenheimer reduced 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. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, RLJ Lodging Trust currently has a consensus rating of "Hold" and a consensus price target of $9.50.

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.