Universal Beteiligungs und Servicegesellschaft mbH Takes $3.68 Million Position in RLJ Lodging Trust (NYSE:RLJ)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 360,193 shares of the real estate investment trust's stock, valued at approximately $3,678,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.23% of RLJ Lodging Trust at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Donald Smith & CO. Inc. increased its position in shares of RLJ Lodging Trust by 18.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 5,756,233 shares of the real estate investment trust's stock worth $58,771,000 after purchasing an additional 901,111 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of RLJ Lodging Trust by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,690,945 shares of the real estate investment trust's stock worth $37,685,000 after acquiring an additional 98,673 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of RLJ Lodging Trust by 7.5% during the 4th quarter. Fisher Asset Management LLC now owns 3,331,818 shares of the real estate investment trust's stock worth $34,018,000 after acquiring an additional 232,393 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of RLJ Lodging Trust by 58.5% during the 4th quarter. Ameriprise Financial Inc. now owns 2,398,066 shares of the real estate investment trust's stock worth $24,486,000 after acquiring an additional 885,071 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of RLJ Lodging Trust by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,201,819 shares of the real estate investment trust's stock worth $22,481,000 after acquiring an additional 52,945 shares during the last quarter. Institutional investors own 92.35% of the company's stock.

Wall Street Analyst Weigh In

RLJ has been the topic of a number of recent analyst reports. Wall Street Zen lowered RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. KeyCorp decreased their target price on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Wells Fargo & Company decreased their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a report on Tuesday, February 18th. Truist Financial lowered RLJ Lodging Trust from a "buy" rating to a "hold" rating and decreased their target price for the stock from $11.00 to $10.00 in a report on Friday, March 21st. Finally, Oppenheimer decreased their target price on RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, RLJ Lodging Trust currently has a consensus rating of "Hold" and an average price target of $10.68.

Insider Buying and Selling at RLJ Lodging Trust

In other news, Director Patricia L. Gibson bought 10,000 shares of the firm's stock in a transaction on Friday, March 28th. The stock was acquired at an average cost of $8.03 per share, with a total value of $80,300.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.60% of the company's stock.

RLJ Lodging Trust Stock Performance

RLJ traded up $0.04 during trading on Thursday, hitting $7.25. The stock had a trading volume of 1,107,330 shares, compared to its average volume of 1,892,899. The company has a 50 day moving average price of $7.16 and a 200-day moving average price of $8.81. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 2.87 and a beta of 1.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. RLJ Lodging Trust has a one year low of $6.16 and a one year high of $10.84.

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

RLJ Lodging Trust Dividend Announcement

The firm 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. The ex-dividend date was Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 8.28%. RLJ Lodging Trust's payout ratio is 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.