XTX Topco Ltd purchased a new position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 68,272 shares of the real estate investment trust's stock, valued at approximately $539,000.
A number of other hedge funds have also modified their holdings of the business. Palisade Capital Management LP increased its holdings in shares of RLJ Lodging Trust by 0.4% during the 1st quarter. Palisade Capital Management LP now owns 3,071,508 shares of the real estate investment trust's stock worth $24,234,000 after buying an additional 11,235 shares during the last quarter. Ameriprise Financial Inc. grew its position in RLJ Lodging Trust by 58.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,398,066 shares of the real estate investment trust's stock valued at $24,486,000 after acquiring an additional 885,071 shares during the period. Dimensional Fund Advisors LP increased its stake in RLJ Lodging Trust by 2.5% during the fourth 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. Northern Trust Corp raised its holdings in shares of RLJ Lodging Trust by 25.4% in the 4th quarter. Northern Trust Corp now owns 2,161,489 shares of the real estate investment trust's stock worth $22,069,000 after purchasing an additional 438,024 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of RLJ Lodging Trust by 46.9% in the 4th quarter. Invesco Ltd. now owns 1,254,239 shares of the real estate investment trust's stock valued at $12,806,000 after purchasing an additional 400,261 shares in the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on RLJ shares. Truist Financial cut their target price on shares of RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating on the stock in a research note on Monday, June 9th. Wells Fargo & Company raised their target price on RLJ Lodging Trust from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Tuesday, July 1st. 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 report on Thursday, May 8th. Finally, Wall Street Zen cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9.25.
Check Out Our Latest Report on RLJ Lodging Trust
RLJ Lodging Trust Price Performance
RLJ traded down $0.01 on Thursday, reaching $7.32. The company had a trading volume of 1,508,389 shares, compared to its average volume of 1,471,702. The company has a market capitalization of $1.11 billion, a P/E ratio of 28.15 and a beta of 1.54. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.18. The company has a fifty day moving average of $7.46 and a 200-day moving average of $7.99. 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 announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. RLJ Lodging Trust had a return on equity of 3.43% and a net margin of 4.84%. During the same quarter in the previous year, the company earned $0.51 earnings per share. RLJ Lodging Trust's revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities research analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current year.
RLJ Lodging Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.2%. The ex-dividend date was Monday, June 30th. RLJ Lodging Trust's dividend payout ratio is 230.77%.
RLJ Lodging Trust Company Profile
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Free Report)
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.
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