GRS Advisors LLC Trims Holdings in RLJ Lodging Trust (NYSE:RLJ)

GRS Advisors LLC lowered its stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 65.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,034,104 shares of the real estate investment trust's stock after selling 1,963,976 shares during the quarter. RLJ Lodging Trust comprises 1.0% of GRS Advisors LLC's portfolio, making the stock its 26th largest position. GRS Advisors LLC owned approximately 0.67% of RLJ Lodging Trust worth $10,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Barclays PLC grew its position in shares of RLJ Lodging Trust by 97.4% in the 3rd quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust's stock worth $2,495,000 after buying an additional 134,093 shares during the period. Vert Asset Management LLC increased its holdings in RLJ Lodging Trust by 26.5% during the fourth quarter. Vert Asset Management LLC now owns 60,726 shares of the real estate investment trust's stock valued at $620,000 after buying an additional 12,714 shares during the last quarter. abrdn plc increased its position in RLJ Lodging Trust by 30.6% in the fourth quarter. abrdn plc now owns 40,417 shares of the real estate investment trust's stock worth $416,000 after buying an additional 9,474 shares in the last quarter. Choreo LLC raised its position in shares of RLJ Lodging Trust by 26.8% during the 4th quarter. Choreo LLC now owns 45,054 shares of the real estate investment trust's stock valued at $464,000 after purchasing an additional 9,523 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of RLJ Lodging Trust by 44.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,775 shares of the real estate investment trust's stock worth $355,000 after acquiring an additional 10,643 shares during the period. 92.35% of the stock is owned by institutional investors.

RLJ Lodging Trust Price Performance

Shares of NYSE RLJ traded up $0.03 during mid-day trading on Tuesday, reaching $7.75. The company's stock had a trading volume of 123,123 shares, compared to its average volume of 1,842,131. RLJ Lodging Trust has a 1-year low of $6.16 and a 1-year high of $10.84. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The stock has a market capitalization of $1.18 billion, a P/E ratio of 26.71, a P/E/G ratio of 2.87 and a beta of 1.50. The stock has a 50-day moving average of $7.64 and a two-hundred day moving average of $9.06.

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

RLJ Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 7.75%. The ex-dividend date was Monday, March 31st. RLJ Lodging Trust's dividend payout ratio (DPR) is 230.77%.

Insiders Place Their Bets

In other news, Director Patricia L. Gibson acquired 10,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average cost of $8.03 per share, with a total value of $80,300.00. Following the completion of the acquisition, the director now owns 124,217 shares in the company, valued at $997,462.51. This trade represents a 8.76% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on RLJ. Truist Financial downgraded RLJ Lodging Trust from a "buy" rating to a "hold" rating and decreased their target price for the stock from $11.00 to $10.00 in a research report on Friday, March 21st. Oppenheimer lowered their price objective on shares of RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. StockNews.com raised shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Wells Fargo & Company lowered their target price on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a research note on Tuesday, February 18th. Finally, KeyCorp lowered their price target on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.68.

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.