LSV Asset Management Reduces Stock Holdings in RLJ Lodging Trust (NYSE:RLJ)

LSV Asset Management lowered its stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,463,700 shares of the real estate investment trust's stock after selling 75,700 shares during the quarter. LSV Asset Management owned 0.94% of RLJ Lodging Trust worth $17,155,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in shares of RLJ Lodging Trust during the 4th quarter worth approximately $168,000. Victory Capital Management Inc. boosted its stake in shares of RLJ Lodging Trust by 21.7% during the fourth quarter. Victory Capital Management Inc. now owns 20,435 shares of the real estate investment trust's stock valued at $239,000 after purchasing an additional 3,648 shares during the period. Donald Smith & CO. Inc. bought a new position in shares of RLJ Lodging Trust in the fourth quarter worth about $13,597,000. Russell Investments Group Ltd. increased its stake in RLJ Lodging Trust by 11.0% in the 4th quarter. Russell Investments Group Ltd. now owns 125,080 shares of the real estate investment trust's stock worth $1,466,000 after buying an additional 12,348 shares during the period. Finally, Alexander Randolph Advisory Inc. bought a new stake in RLJ Lodging Trust during the 4th quarter valued at about $5,381,000. 92.35% of the stock is currently owned by institutional investors.

RLJ Lodging Trust Stock Down 0.4 %

Shares of RLJ stock traded down $0.04 during mid-day trading on Tuesday, hitting $10.66. 1,691,184 shares of the stock traded hands, compared to its average volume of 1,281,693. The stock's fifty day moving average is $11.60 and its two-hundred day moving average is $11.26. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.81 and a quick ratio of 2.81. RLJ Lodging Trust has a 52-week low of $9.06 and a 52-week high of $12.39. The stock has a market cap of $1.66 billion, a P/E ratio of 38.21, a P/E/G ratio of 0.88 and a beta of 1.70.

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 net margin of 5.29% and a return on equity of 3.53%. The company had revenue of $319.70 million during the quarter, compared to the consensus estimate of $313.34 million. During the same period last year, the firm earned $0.33 earnings per share. RLJ Lodging Trust's revenue was up 5.8% compared to the same quarter last year. Equities analysts predict that RLJ Lodging Trust will post 1.55 EPS for the current 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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Wednesday, March 27th. RLJ Lodging Trust's dividend payout ratio (DPR) is presently 142.86%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RLJ. StockNews.com lowered RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Monday, April 29th. Oppenheimer upped their price objective on shares of RLJ Lodging Trust from $14.00 to $15.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Finally, 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 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.