41,140 Shares in RLJ Lodging Trust (NYSE:RLJ) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,140 shares of the real estate investment trust's stock, valued at approximately $420,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in shares of RLJ Lodging Trust by 78.2% during the 4th 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 in the last quarter. CreativeOne Wealth LLC acquired a new position in shares of RLJ Lodging Trust during the 4th quarter valued at $111,000. Xponance Inc. bought a new position in RLJ Lodging Trust during the fourth quarter worth $112,000. EntryPoint Capital LLC grew its holdings in RLJ Lodging Trust by 23.8% in the fourth quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust's stock worth $139,000 after purchasing an additional 2,624 shares during the period. Finally, Cibc World Markets Corp bought a new stake in RLJ Lodging Trust in the fourth quarter valued at $146,000. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Stock Up 0.1%

RLJ Lodging Trust stock traded up $0.01 during trading on Friday, hitting $7.50. 441,379 shares of the company were exchanged, compared to its average volume of 2,372,987. The company has a market capitalization of $1.14 billion, a P/E ratio of 25.84, a PEG ratio of 2.87 and a beta of 1.50. The business's 50 day moving average is $7.54 and its 200 day moving average is $9.03. RLJ Lodging Trust has a 52 week low of $6.16 and a 52 week high of $10.84. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14.

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 during the quarter, compared to analyst estimates of $328.08 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The business's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. Analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 8.01%. RLJ Lodging Trust's dividend payout ratio (DPR) is 230.77%.

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 dated Friday, March 28th. The stock was bought 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 directly owns 124,217 shares in the company, valued at approximately $997,462.51. The trade was a 8.76% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.

Analyst Ratings Changes

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