Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in RLJ Lodging Trust (NYSE:RLJ)

Universal Beteiligungs und Servicegesellschaft mbH bought 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 disclosure with the Securities and Exchange Commission. The firm bought 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 quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new position in shares of RLJ Lodging Trust during the 4th quarter valued at about $29,000. US Bancorp DE raised its position in RLJ Lodging Trust by 78.2% in 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 during the period. CreativeOne Wealth LLC purchased a new stake in shares of RLJ Lodging Trust during the fourth quarter worth $111,000. Xponance Inc. acquired a new position in shares of RLJ Lodging Trust during the fourth quarter worth $112,000. Finally, EntryPoint Capital LLC boosted its stake in RLJ Lodging Trust by 23.8% in the fourth quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 2,624 shares in the last quarter. Institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Price Performance

RLJ stock traded down $0.01 during trading on Thursday, hitting $7.21. 212,638 shares of the stock traded hands, compared to its average volume of 1,886,177. RLJ Lodging Trust has a one year low of $6.16 and a one year high of $10.84. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.87 and a beta of 1.50. The company has a 50 day simple moving average of $7.17 and a 200 day simple moving average of $8.83. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its 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 the consensus estimate of $328.08 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The company's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. Equities analysts expect that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.33%. The ex-dividend date of this dividend was Monday, March 31st. RLJ Lodging Trust's dividend payout ratio is 230.77%.

Insider Transactions at RLJ Lodging Trust

In related news, Director Patricia L. Gibson bought 10,000 shares of the business's stock in a transaction dated 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 purchase, the director now owns 124,217 shares in the company, valued at $997,462.51. This represents a 8.76% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.