Ziegler Capital Management LLC Makes New $984,000 Investment in RLJ Lodging Trust (NYSE:RLJ)

Ziegler Capital Management LLC acquired a new position in RLJ Lodging Trust (NYSE:RLJ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 83,954 shares of the real estate investment trust's stock, valued at approximately $984,000. Ziegler Capital Management LLC owned 0.05% of RLJ Lodging Trust as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Point72 Middle East FZE purchased a new stake in shares of RLJ Lodging Trust during the fourth quarter worth about $38,000. Quarry LP purchased a new stake in shares of RLJ Lodging Trust during the second quarter worth about $37,000. Tower Research Capital LLC TRC grew its position in shares of RLJ Lodging Trust by 319.5% during the first quarter. Tower Research Capital LLC TRC now owns 3,713 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,828 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of RLJ Lodging Trust during the second quarter worth about $44,000. Finally, Beverly Hills Private Wealth LLC purchased a new stake in shares of RLJ Lodging Trust during the third quarter worth about $98,000. Institutional investors own 93.77% of the company's stock.

RLJ Lodging Trust Trading Down 1.9 %

Shares of RLJ stock traded down $0.22 on Friday, reaching $11.82. 1,290,522 shares of the company's stock were exchanged, compared to its average volume of 1,307,155. RLJ Lodging Trust has a 52 week low of $9.06 and a 52 week high of $12.39. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $1.84 billion, a PE ratio of 36.92, a P/E/G ratio of 0.96 and a beta of 1.71. The company's fifty day simple moving average is $11.78 and its 200 day simple moving average is $10.90.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. RLJ Lodging Trust had a return on equity of 3.79% and a net margin of 5.76%. The firm had revenue of $319.70 million during the quarter, compared to analyst estimates of $313.34 million. During the same period last year, the company earned $0.33 EPS. RLJ Lodging Trust's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, analysts forecast that RLJ Lodging Trust will post 1.57 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, March 27th. RLJ Lodging Trust's dividend payout ratio is currently 125.00%.

Wall Street Analyst Weigh In

Several research firms have weighed in on RLJ. StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Monday. Wells Fargo & Company raised their price objective on RLJ Lodging Trust from $11.00 to $12.50 and gave the company an "equal weight" rating in a research note on Friday, December 22nd. Wolfe Research initiated coverage on RLJ Lodging Trust in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $15.00 price objective for the company. Truist Financial raised their price objective on RLJ Lodging Trust from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, December 22nd. Finally, Oppenheimer raised their price objective on RLJ Lodging Trust from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, RLJ Lodging Trust currently has an average rating of "Moderate Buy" and a consensus price target of $13.90.

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.