UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $9.09 Million Position in RLJ Lodging Trust (NYSE:RLJ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 890,487 shares of the real estate investment trust's stock after buying an additional 48,734 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.58% of RLJ Lodging Trust worth $9,092,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of RLJ Lodging Trust by 97.4% during the third quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust's stock worth $2,495,000 after purchasing an additional 134,093 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of RLJ Lodging Trust by 7.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,331,818 shares of the real estate investment trust's stock worth $34,018,000 after purchasing an additional 232,393 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of RLJ Lodging Trust during the fourth quarter worth approximately $277,000. Point72 Asset Management L.P. acquired a new stake in shares of RLJ Lodging Trust during the fourth quarter worth approximately $995,000. Finally, Two Sigma Investments LP boosted its holdings in shares of RLJ Lodging Trust by 103.5% during the fourth quarter. Two Sigma Investments LP now owns 488,403 shares of the real estate investment trust's stock worth $4,987,000 after purchasing an additional 248,350 shares during the period. 92.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Patricia L. Gibson bought 10,000 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average price of $8.03 per share, with a total value of $80,300.00. Following the completion of the transaction, the director now owns 124,217 shares of the company's stock, valued at $997,462.51. The trade was a 8.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

RLJ Lodging Trust Stock Performance

Shares of NYSE:RLJ traded down $0.13 during trading on Wednesday, reaching $7.21. The stock had a trading volume of 970,826 shares, compared to its average volume of 1,892,699. RLJ Lodging Trust has a 52 week low of $6.16 and a 52 week high of $10.84. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 24.86, a P/E/G 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. The stock has a fifty day simple moving average of $7.17 and a two-hundred day simple moving average of $8.83.

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 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 company had revenue of $328.12 million for the quarter, compared to analyst estimates of $328.08 million. During the same quarter last year, the firm posted $0.33 earnings per share. The company's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 8.32%. The ex-dividend date of this dividend was Monday, March 31st. RLJ Lodging Trust's dividend payout ratio (DPR) is currently 230.77%.

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.