Alexander Randolph Advisory Inc. Purchases Shares of 459,132 RLJ Lodging Trust (NYSE:RLJ)

Alexander Randolph Advisory Inc. bought a new position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 459,132 shares of the real estate investment trust's stock, valued at approximately $5,381,000. RLJ Lodging Trust comprises approximately 4.9% of Alexander Randolph Advisory Inc.'s portfolio, making the stock its 5th biggest holding. Alexander Randolph Advisory Inc. owned 0.29% of RLJ Lodging Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Ziegler Capital Management LLC purchased a new stake in shares of RLJ Lodging Trust during the fourth quarter worth about $984,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in RLJ Lodging Trust by 4,772.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,175,932 shares of the real estate investment trust's stock valued at $13,782,000 after buying an additional 1,151,800 shares during the last quarter. Jump Financial LLC bought a new stake in RLJ Lodging Trust in the third quarter valued at about $747,000. Adage Capital Partners GP L.L.C. bought a new stake in RLJ Lodging Trust in the third quarter valued at about $11,258,000. Finally, Nordea Investment Management AB increased its holdings in RLJ Lodging Trust by 202.1% in the fourth quarter. Nordea Investment Management AB now owns 985,402 shares of the real estate investment trust's stock valued at $11,647,000 after buying an additional 659,261 shares during the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RLJ shares. Wolfe Research started coverage on RLJ Lodging Trust in a report on Wednesday, January 10th. They issued an "outperform" rating and a $15.00 price objective for the company. Oppenheimer boosted their price objective on RLJ Lodging Trust from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Thursday, February 29th. Finally, StockNews.com raised RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, RLJ Lodging Trust currently has an average rating of "Moderate Buy" and a consensus target price of $13.90.

RLJ Lodging Trust Stock Performance

Shares of NYSE:RLJ traded up $0.01 during trading on Friday, hitting $11.11. 834,307 shares of the company traded hands, compared to its average volume of 1,105,802. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 1.12. The business's fifty day moving average is $11.71 and its 200-day moving average is $11.20. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 0.91 and a beta of 1.71. RLJ Lodging Trust has a one year low of $9.06 and a one year high of $12.39.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its earnings results on Monday, February 26th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $313.34 million. During the same quarter in the previous year, the business earned $0.33 EPS. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts predict that RLJ Lodging Trust will post 1.55 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 3.60%. RLJ Lodging Trust's dividend payout ratio is presently 125.00%.

RLJ Lodging Trust 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.