RLJ Lodging Trust (NYSE:RLJ) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,728,978 shares of the real estate investment trust's stock after purchasing an additional 183,408 shares during the quarter. Vanguard Group Inc. owned about 15.87% of RLJ Lodging Trust worth $242,097,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of RLJ Lodging Trust by 1.2% during the second quarter. AQR Capital Management LLC now owns 97,227 shares of the real estate investment trust's stock valued at $1,072,000 after buying an additional 1,165 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of RLJ Lodging Trust by 1.4% during the third quarter. Teacher Retirement System of Texas now owns 87,008 shares of the real estate investment trust's stock valued at $852,000 after buying an additional 1,214 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of RLJ Lodging Trust by 0.4% during the third quarter. Nordea Investment Management AB now owns 326,141 shares of the real estate investment trust's stock valued at $3,209,000 after buying an additional 1,306 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of RLJ Lodging Trust by 9.6% during the second quarter. ProShare Advisors LLC now owns 20,700 shares of the real estate investment trust's stock valued at $213,000 after buying an additional 1,820 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of RLJ Lodging Trust by 15.8% during the first quarter. Envestnet Asset Management Inc. now owns 14,408 shares of the real estate investment trust's stock valued at $153,000 after buying an additional 1,971 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors and hedge funds.

RLJ Lodging Trust Stock Performance

RLJ stock traded up $0.08 during mid-day trading on Friday, hitting $11.82. The company had a trading volume of 1,250,513 shares, compared to its average volume of 1,169,334. The firm has a market cap of $1.84 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 0.95 and a beta of 1.71. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.46 and a current ratio of 3.46. RLJ Lodging Trust has a 12 month low of $9.06 and a 12 month high of $12.39. The stock's fifty day moving average price is $11.81 and its two-hundred day moving average price is $10.97.

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

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.38%. The ex-dividend date is Wednesday, March 27th. RLJ Lodging Trust's dividend payout ratio is 125.00%.

Wall Street Analysts Forecast Growth

RLJ has been the subject of a number of analyst reports. Oppenheimer lifted their price objective on shares of RLJ Lodging Trust from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Thursday, February 29th. Truist Financial raised their price target on shares of RLJ Lodging Trust from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, December 22nd. Wolfe Research assumed coverage on shares of RLJ Lodging Trust in a research report on Wednesday, January 10th. They set an "outperform" rating and a $15.00 price target on the stock. Wells Fargo & Company raised their price target on shares of RLJ Lodging Trust from $11.00 to $12.50 and gave the company an "equal weight" rating in a research report on Friday, December 22nd. Finally, StockNews.com raised shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, RLJ Lodging Trust presently has a consensus rating of "Moderate Buy" and an average price target of $13.90.

RLJ Lodging Trust Company Profile

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.