Tudor Investment Corp ET AL Boosts Holdings in RLJ Lodging Trust (NYSE:RLJ)

Tudor Investment Corp ET AL increased its position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 242.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 460,434 shares of the real estate investment trust's stock after purchasing 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 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RLJ. US Bancorp DE boosted its stake 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 acquiring an additional 1,417 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in RLJ Lodging Trust in the fourth quarter valued at $111,000. Xponance Inc. purchased a new position in shares of RLJ Lodging Trust during the 4th quarter worth approximately $112,000. EntryPoint Capital LLC lifted its holdings in RLJ Lodging Trust by 23.8% in the 4th quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 2,624 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of RLJ Lodging Trust during the 4th quarter worth about $146,000. Institutional investors own 92.35% of the company's stock.

Wall Street Analyst Weigh In

RLJ has been the topic of several recent analyst reports. KeyCorp cut their target price on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. StockNews.com raised shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Wednesday. Truist Financial lowered shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $11.00 to $10.00 in a research report on Friday, March 21st. Finally, Wells Fargo & Company lowered their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $10.82.

Insider Transactions at RLJ Lodging Trust

In related news, Director Patricia L. Gibson acquired 10,000 shares of the business's stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $8.03 per share, for a total transaction of $80,300.00. Following the completion of the acquisition, the director now directly owns 124,217 shares in the company, valued at $997,462.51. The trade was a 8.76 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company's stock.

RLJ Lodging Trust Trading Up 3.4 %

RLJ traded up $0.24 during trading on Wednesday, hitting $7.21. 3,878,465 shares of the stock traded hands, compared to its average volume of 1,815,673. The firm has a 50-day moving average of $7.80 and a 200 day moving average of $9.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. The firm has a market capitalization of $1.09 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.87 and a beta of 1.50. RLJ Lodging Trust has a 12-month low of $6.16 and a 12-month high of $10.87.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $328.12 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. Equities research analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 8.33%. RLJ Lodging Trust's dividend payout ratio is currently 222.22%.

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.