951,378 Shares in RLJ Lodging Trust (NYSE:RLJ) Acquired by Woodline Partners LP

Woodline Partners LP acquired a new stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 951,378 shares of the real estate investment trust's stock, valued at approximately $9,714,000. Woodline Partners LP owned 0.62% of RLJ Lodging Trust at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers increased its holdings in RLJ Lodging Trust by 0.5% in the fourth quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust's stock valued at $2,888,000 after buying an additional 1,320 shares during the last quarter. US Bancorp DE boosted its stake 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 acquiring an additional 1,417 shares in the last quarter. Metis Global Partners LLC boosted its stake in RLJ Lodging Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust's stock valued at $180,000 after acquiring an additional 1,796 shares in the last quarter. 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. Finally, Clearbridge Investments LLC boosted its stake in RLJ Lodging Trust by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 1,315,588 shares of the real estate investment trust's stock valued at $13,432,000 after acquiring an additional 4,258 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company's stock.

Insider Transactions at RLJ Lodging Trust

In other RLJ Lodging Trust news, Director Patricia L. Gibson acquired 10,000 shares of the company's stock in a transaction dated 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 purchase, the director now directly owns 124,217 shares in the company, valued at approximately $997,462.51. This trade represents a 8.76% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RLJ shares. KeyCorp decreased their price objective on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Truist Financial downgraded shares of 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 research note on Friday, March 21st. Wall Street Zen downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Oppenheimer decreased 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 research note on Thursday, May 8th. Finally, Wells Fargo & Company decreased their target price on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a research note on Tuesday, February 18th. Three investment 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. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $10.68.

RLJ Lodging Trust Price Performance

RLJ Lodging Trust stock traded down $0.05 during mid-day trading on Wednesday, reaching $7.38. The company had a trading volume of 249,860 shares, compared to its average volume of 1,880,938. RLJ Lodging Trust has a 1 year low of $6.16 and a 1 year high of $10.84. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. The company has a market capitalization of $1.12 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.87 and a beta of 1.50. The stock's 50-day simple moving average is $7.30 and its 200-day simple moving average is $8.93.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings data 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. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The business had revenue of $328.12 million during the quarter, compared to analysts' expectations of $328.08 million. During the same period last year, the company posted $0.33 EPS. The company's revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.14%. RLJ Lodging Trust's dividend payout ratio (DPR) is 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.