RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC decreased its holdings in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 61.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,118 shares of the real estate investment trust's stock after selling 304,600 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.12% of RLJ Lodging Trust worth $1,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of RLJ Lodging Trust by 78.2% in the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,417 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of RLJ Lodging Trust in the 4th quarter worth approximately $111,000. Xponance Inc. bought a new position in shares of RLJ Lodging Trust during the 4th quarter worth approximately $112,000. EntryPoint Capital LLC grew its position 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, Cibc World Markets Corp bought a new position in shares of RLJ Lodging Trust in the 4th quarter valued at about $146,000. Institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Stock Performance

Shares of RLJ stock traded up $0.16 during mid-day trading on Friday, reaching $7.27. 3,696,375 shares of the company's stock traded hands, compared to its average volume of 1,801,040. RLJ Lodging Trust has a 12 month low of $6.16 and a 12 month high of $10.87. The firm has a market capitalization of $1.10 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.87 and a beta of 1.51. The firm has a 50 day moving average price of $7.90 and a two-hundred day moving average price of $9.14. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The company had revenue of $329.99 million for the quarter, compared to the consensus estimate of $324.66 million. On average, research analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 8.25%. RLJ Lodging Trust's payout ratio is currently 222.22%.

Insiders Place Their Bets

In other RLJ Lodging Trust news, Director Patricia L. Gibson bought 10,000 shares of RLJ Lodging Trust stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $8.03 per share, for a total transaction of $80,300.00. Following the acquisition, the director now directly owns 124,217 shares in the company, valued at $997,462.51. This represents a 8.76 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RLJ shares. StockNews.com cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Tuesday. KeyCorp cut their price objective on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Wells Fargo & Company lowered their price target on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a report on Tuesday, February 18th. Finally, Truist Financial lowered shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and lowered their price target for the stock from $11.00 to $10.00 in a report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $10.82.

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.