LSV Asset Management Sells 237,200 Shares of RLJ Lodging Trust (NYSE:RLJ)

LSV Asset Management lowered its holdings in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,342,895 shares of the real estate investment trust's stock after selling 237,200 shares during the quarter. LSV Asset Management owned about 0.88% of RLJ Lodging Trust worth $13,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capula Management Ltd bought a new stake in RLJ Lodging Trust during the fourth quarter worth approximately $321,000. Invesco Ltd. grew its stake in 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 buying an additional 400,261 shares during the last quarter. Federated Hermes Inc. raised its holdings in 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 worth $1,100,000 after acquiring an additional 20,601 shares during the period. Russell Investments Group Ltd. lifted its position in RLJ Lodging Trust by 116.9% during the 4th quarter. Russell Investments Group Ltd. now owns 388,028 shares of the real estate investment trust's stock worth $3,962,000 after acquiring an additional 209,107 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in RLJ Lodging Trust by 277.5% during 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 acquiring an additional 90,640 shares during the period. Institutional investors and hedge funds own 92.35% of the company's stock.

Insider Buying and Selling at RLJ Lodging Trust

In related news, Director Patricia L. Gibson purchased 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average price of $8.03 per share, for a total transaction of $80,300.00. Following the completion of the transaction, the director now owns 124,217 shares of the company's stock, valued at approximately $997,462.51. This trade represents a 8.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.90% of the company's stock.

RLJ Lodging Trust Stock Up 2.4 %

Shares of NYSE RLJ traded up $0.17 during mid-day trading on Friday, hitting $6.93. The company had a trading volume of 3,337,455 shares, compared to its average volume of 1,763,221. 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 firm has a 50-day simple moving average of $8.44 and a two-hundred day simple moving average of $9.31. The company has a market capitalization of $1.05 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 2.87 and a beta of 1.51. RLJ Lodging Trust has a one year low of $6.16 and a one year high of $11.48.

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 EPS for the quarter, beating 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 firm had revenue of $329.99 million during the quarter, compared to analysts' expectations of $324.66 million. On average, equities analysts expect that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

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

Analyst Ratings Changes

RLJ has been the topic of several research analyst reports. Truist Financial downgraded shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $11.00 to $10.00 in a research note on Friday, March 21st. 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. Wells Fargo & Company dropped their price objective 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. Finally, StockNews.com cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, RLJ Lodging Trust presently has a consensus rating of "Hold" and an average price target of $10.82.

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.