Dimensional Fund Advisors LP Grows Stock Position in RLJ Lodging Trust (NYSE:RLJ)

Dimensional Fund Advisors LP raised its stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,201,819 shares of the real estate investment trust's stock after buying an additional 52,945 shares during the period. Dimensional Fund Advisors LP owned 1.44% of RLJ Lodging Trust worth $22,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rhumbline Advisers grew its position in RLJ Lodging Trust by 0.5% during the 4th quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust's stock worth $2,888,000 after acquiring an additional 1,320 shares during the last quarter. US Bancorp DE raised its holdings in RLJ Lodging Trust by 78.2% in the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,417 shares during the last quarter. Metis Global Partners LLC boosted its position in RLJ Lodging Trust by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust's stock worth $180,000 after buying an additional 1,796 shares during the period. EntryPoint Capital LLC grew its holdings in RLJ Lodging Trust by 23.8% during the 4th quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust's stock worth $139,000 after acquiring an additional 2,624 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in RLJ Lodging Trust by 0.3% in the 4th quarter. Clearbridge Investments LLC now owns 1,315,588 shares of the real estate investment trust's stock valued at $13,432,000 after acquiring an additional 4,258 shares during the period. Institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Trading Up 5.6%

RLJ Lodging Trust stock traded up $0.41 during trading hours on Monday, reaching $7.78. The company had a trading volume of 674,041 shares, compared to its average volume of 1,841,448. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. RLJ Lodging Trust has a 12-month low of $6.16 and a 12-month high of $10.84. The company has a 50-day moving average price of $7.67 and a 200 day moving average price of $9.07. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.87 and a beta of 1.50.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The business had revenue of $328.12 million during the quarter, compared to analyst estimates of $328.08 million. During the same quarter in the prior year, the company posted $0.33 EPS. RLJ Lodging Trust's quarterly revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend was Monday, March 31st. RLJ Lodging Trust's payout ratio is 230.77%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a research report on Tuesday, February 18th. Truist Financial cut shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and cut their price target for the company from $11.00 to $10.00 in a research report on Friday, March 21st. Oppenheimer dropped their price objective on RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Thursday. KeyCorp decreased their target price on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Finally, StockNews.com upgraded shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.68.

Insider Transactions at RLJ Lodging Trust

In other news, Director Patricia L. Gibson purchased 10,000 shares of the stock in a transaction dated Friday, March 28th. The shares were purchased at an average cost of $8.03 per share, with a total value of $80,300.00. Following the acquisition, the director now directly owns 124,217 shares of the company's stock, valued at $997,462.51. This represents a 8.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company's stock.

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.