Segall Bryant & Hamill LLC Takes Position in RLJ Lodging Trust (NYSE:RLJ)

Segall Bryant & Hamill LLC bought a new stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Woodline Partners LP purchased a new position in shares of RLJ Lodging Trust in the 4th quarter valued at $9,714,000. Donald Smith & CO. Inc. increased its holdings in shares of RLJ Lodging Trust by 18.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 5,756,233 shares of the real estate investment trust's stock valued at $58,771,000 after acquiring an additional 901,111 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of RLJ Lodging Trust by 58.5% in the 4th quarter. Ameriprise Financial Inc. now owns 2,398,066 shares of the real estate investment trust's stock valued at $24,486,000 after acquiring an additional 885,071 shares during the period. Invenomic Capital Management LP purchased a new position in shares of RLJ Lodging Trust in the 4th quarter valued at $9,036,000. Finally, Man Group plc increased its holdings in shares of 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 valued at $7,279,000 after acquiring an additional 534,938 shares during the period. 92.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RLJ shares. Wells Fargo & Company lifted their price target on RLJ Lodging Trust from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Tuesday, July 1st. Oppenheimer dropped their price target on RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Truist Financial dropped their price target on RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating on the stock in a research note on Monday, June 9th. Finally, Wall Street Zen downgraded RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $9.40.

RLJ Lodging Trust Stock Performance

Shares of RLJ stock traded down $0.01 on Wednesday, hitting $7.88. The company had a trading volume of 1,056,998 shares, compared to its average volume of 1,903,235. The firm has a market cap of $1.20 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 2.51 and a beta of 1.47. The company has a 50-day moving average price of $7.42 and a 200-day moving average price of $8.17. 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 twelve month low of $6.16 and a twelve month high of $10.84.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $328.12 million during the quarter, compared to analysts' expectations of $328.08 million. RLJ Lodging Trust had a return on equity of 3.43% and a net margin of 4.84%. RLJ Lodging Trust's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, equities research analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.62%. RLJ Lodging Trust's payout ratio is currently 230.77%.

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.