RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,863,019 shares of the real estate investment trust's stock after selling 67,158 shares during the period. Geode Capital Management LLC owned about 2.52% of RLJ Lodging Trust worth $39,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp raised its stake in RLJ Lodging Trust by 4.8% in the 3rd quarter. State Street Corp now owns 7,397,290 shares of the real estate investment trust's stock worth $68,999,000 after acquiring an additional 340,271 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of RLJ Lodging Trust by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust's stock worth $47,429,000 after purchasing an additional 240,254 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of RLJ Lodging Trust by 2.7% in the fourth 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 purchasing an additional 98,673 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of RLJ Lodging Trust by 7.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,331,818 shares of the real estate investment trust's stock worth $34,018,000 after purchasing an additional 232,393 shares during the period. Finally, Clearbridge Investments LLC boosted its position 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 buying an additional 4,258 shares during the last quarter. Institutional investors own 92.35% of the company's stock.

Insider Activity

In other RLJ Lodging Trust news, Director Patricia L. Gibson purchased 10,000 shares of RLJ Lodging Trust stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $8.03 per share, with a total value of $80,300.00. Following the completion of the transaction, the director now owns 124,217 shares of the company's stock, valued at $997,462.51. This trade represents a 8.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.90% of the company's stock.

Analysts Set New Price Targets

RLJ has been the subject of a number of recent research reports. Truist Financial lowered RLJ Lodging Trust from a "buy" rating to a "hold" rating and reduced their price objective for the company from $11.00 to $10.00 in a research note on Friday, March 21st. StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Friday. Wells Fargo & Company cut 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 report on Tuesday, February 18th. Finally, KeyCorp dropped their price target on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.82.

RLJ Lodging Trust Trading Up 2.4 %

RLJ Lodging Trust stock traded up $0.17 during midday trading on Friday, hitting $6.93. 3,337,455 shares of the stock were exchanged, compared to its average volume of 1,768,274. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. The stock's 50-day simple moving average is $8.39 and its 200 day simple moving average is $9.29. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $11.48. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 2.87 and a beta of 1.51.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.36. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The business had revenue of $329.99 million during the quarter, compared to the consensus estimate of $324.66 million. On average, equities analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 8.66%. RLJ Lodging Trust's dividend payout ratio (DPR) is currently 222.22%.

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.