Invesco Ltd. Has $12.81 Million Stock Holdings in RLJ Lodging Trust (NYSE:RLJ)

Invesco Ltd. increased its stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 46.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,254,239 shares of the real estate investment trust's stock after buying an additional 400,261 shares during the quarter. Invesco Ltd. owned approximately 0.82% of RLJ Lodging Trust worth $12,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. grew its position in shares of RLJ Lodging Trust by 23.6% in the 4th quarter. Federated Hermes Inc. now owns 107,716 shares of the real estate investment trust's stock valued at $1,100,000 after acquiring an additional 20,601 shares during the period. Russell Investments Group Ltd. raised its stake in RLJ Lodging Trust by 116.9% in the fourth quarter. Russell Investments Group Ltd. now owns 388,028 shares of the real estate investment trust's stock valued at $3,962,000 after buying an additional 209,107 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of RLJ Lodging Trust by 277.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 123,307 shares of the real estate investment trust's stock valued at $1,259,000 after buying an additional 90,640 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of RLJ Lodging Trust during the 4th quarter worth approximately $609,000. Finally, Donald Smith & CO. Inc. increased its holdings in shares of RLJ Lodging Trust by 18.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 5,756,233 shares of the real estate investment trust's stock worth $58,771,000 after acquiring an additional 901,111 shares during the last quarter. 92.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a research report on Tuesday, February 18th. KeyCorp decreased their target price on 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. Truist Financial cut RLJ Lodging Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $11.00 to $10.00 in a report on Friday, March 21st. Finally, StockNews.com raised RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, RLJ Lodging Trust presently has an average rating of "Hold" and a consensus target price of $10.82.

RLJ Lodging Trust Price Performance

Shares of RLJ traded up $0.08 during trading hours on Friday, hitting $7.03. 1,160,696 shares of the company were exchanged, compared to its average volume of 1,777,770. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $11.28. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.87 and a beta of 1.51. The firm's fifty day moving average is $8.12 and its 200 day moving average is $9.21.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $329.99 million for the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. On average, equities analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 8.53%. The ex-dividend date was Monday, March 31st. RLJ Lodging Trust's payout ratio is presently 222.22%.

Insider Buying and Selling 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 that occurred on Friday, March 28th. The stock was acquired at an average cost of $8.03 per share, for a total transaction of $80,300.00. Following the transaction, the director now directly owns 124,217 shares in the company, valued at $997,462.51. This represents a 8.76 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.60% of the company's stock.

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.