XTX Topco Ltd Invests $539,000 in RLJ Lodging Trust (NYSE:RLJ)

XTX Topco Ltd bought a new stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 68,272 shares of the real estate investment trust's stock, valued at approximately $539,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new stake in RLJ Lodging Trust in the 1st quarter valued at approximately $551,000. Picton Mahoney Asset Management acquired a new stake in shares of RLJ Lodging Trust during the first quarter valued at about $341,000. Carrera Capital Advisors acquired a new stake in shares of RLJ Lodging Trust during the first quarter valued at about $1,066,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of RLJ Lodging Trust by 5.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,739 shares of the real estate investment trust's stock valued at $803,000 after acquiring an additional 5,209 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of RLJ Lodging Trust by 1.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 364,659 shares of the real estate investment trust's stock valued at $2,877,000 after acquiring an additional 4,466 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen downgraded RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Oppenheimer decreased their price target on 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. Wells Fargo & Company raised their target price on shares of RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Finally, Truist Financial cut their price target on RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating on the stock in a report on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $9.25.

RLJ Lodging Trust Stock Down 5.8%

Shares of RLJ Lodging Trust stock traded down $0.43 on Friday, hitting $6.94. 3,273,916 shares of the company traded hands, compared to its average volume of 1,483,011. The company has a 50-day moving average price of $7.45 and a 200 day moving average price of $7.96. 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 12-month low of $6.16 and a 12-month high of $10.84. The company has a market cap of $1.05 billion, a PE ratio of 33.05 and a beta of 1.54.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.01%. The business had revenue of $363.10 million for the quarter, compared to analysts' expectations of $365.30 million. During the same period in the previous year, the company posted $0.51 EPS. RLJ Lodging Trust's revenue was down 1.7% on a year-over-year basis. Sell-side analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend was Monday, June 30th. RLJ Lodging Trust's payout ratio is presently 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.