RLJ Lodging Trust (NYSE:RLJ) Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its holdings in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 242.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 460,434 shares of the real estate investment trust's stock after acquiring an additional 326,163 shares during the period. Tudor Investment Corp ET AL owned approximately 0.30% of RLJ Lodging Trust worth $4,701,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Donald Smith & CO. Inc. increased its holdings in shares of RLJ Lodging Trust by 18.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 5,756,233 shares of the real estate investment trust's stock valued at $58,771,000 after purchasing an additional 901,111 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of RLJ Lodging Trust by 4.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust's stock worth $47,429,000 after acquiring an additional 240,254 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of RLJ Lodging Trust by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,690,945 shares of the real estate investment trust's stock valued at $37,685,000 after purchasing an additional 98,673 shares during the period. Fisher Asset Management LLC increased its position in RLJ Lodging Trust by 7.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,331,818 shares of the real estate investment trust's stock worth $34,018,000 after purchasing an additional 232,393 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in RLJ Lodging Trust by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,201,819 shares of the real estate investment trust's stock valued at $22,481,000 after purchasing an additional 52,945 shares during the last quarter. Hedge funds and other institutional investors own 92.35% of the company's stock.

Insiders Place Their Bets

In other RLJ Lodging Trust news, Director Patricia L. Gibson purchased 10,000 shares of the 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 directly owns 124,217 shares of the company's stock, valued at $997,462.51. This trade represents a 8.76 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by company insiders.

RLJ Lodging Trust Stock Down 3.3 %

NYSE:RLJ traded down $0.24 during midday trading on Monday, reaching $7.02. The company had a trading volume of 2,381,311 shares, compared to its average volume of 1,803,361. The stock's fifty day simple moving average is $7.90 and its 200-day simple moving average is $9.14. 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 has a 12-month low of $6.16 and a 12-month high of $10.87. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 2.87 and a beta of 1.51.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. During the same period in the previous year, the business earned $0.33 EPS. The company's quarterly revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend was Monday, March 31st. RLJ Lodging Trust's dividend payout ratio is presently 222.22%.

Wall Street Analysts Forecast Growth

RLJ has been the topic of several analyst reports. Truist Financial lowered shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and reduced their price target for the company from $11.00 to $10.00 in a research report on Friday, March 21st. StockNews.com cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, April 29th. Wells Fargo & Company dropped 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 research report on Tuesday, February 18th. Finally, KeyCorp decreased 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 report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $10.82.

RLJ Lodging Trust 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.