2 weeks Ago By ABMN Staff
Xponance Inc. bought a new position in shares of RLJ Lodging Trust ( NYSE:RLJ – Free Report ) during the fourth quarter, Holdings Channel reports. The fund bought 10,926 shares of the real estate investment trust’s stock, valued at approximately $112,000.
Several other hedge funds have also modified their holdings of RLJ. State Street Corp raised its holdings in RLJ Lodging Trust by 4.8% during the 3rd quarter.
State Street Corp now owns 7,397,290 shares of the real estate investment trust’s stock worth $68,999,000 after buying an additional 340,271 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of RLJ Lodging Trust by 4.
9% during the third quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust’s stock valued at $47,429,000 after acquiring an additional 240,254 shares during the period.
Geode Capital Management LLC lifted its position in shares of RLJ Lodging Trust by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,930,177 shares of the real estate investment trust’s stock valued at $36,085,000 after acquiring an additional 44,121 shares in the last quarter.
Charles Schwab Investment Management Inc. boosted its stake in RLJ Lodging Trust by 2.7% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 3,690,945 shares of the real estate investment trust’s stock worth $37,685,000 after purchasing an additional 98,673 shares during the period. Finally, Fisher Asset Management LLC grew its position in RLJ Lodging Trust by 7.
5% during the 4th 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 in the last quarter. 92.
35% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth RLJ has been the subject of a number of research analyst reports. StockNews.
com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. KeyCorp decreased their price objective on 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. Truist Financial cut RLJ Lodging Trust from a “buy” rating to a “hold” rating and lowered their target price for the company from $11.00 to $10.
00 in a research note on Friday, March 21st. Finally, Wells Fargo & Company reduced 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.
com, the company has an average rating of “Hold” and a consensus target price of $10.82. RLJ Lodging Trust Stock Down 2.
0 % Shares of RLJ Lodging Trust stock opened at $8.03 on Friday. The firm has a market cap of $1.
22 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 2.87 and a beta of 1.
69. The stock has a 50-day simple moving average of $9.32 and a 200-day simple moving average of $9.
57. RLJ Lodging Trust has a 52-week low of $7.98 and a 52-week high of $11.
99. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.
74 and a quick ratio of 2.74. RLJ Lodging Trust ( NYSE:RLJ – Get Free Report ) last posted its earnings results on Tuesday, February 25th.
The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $329.99 million during the quarter, compared to analysts’ expectations of $324.
66 million. On average, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.15 dividend.
This represents a $0.60 dividend on an annualized basis and a yield of 7.48%.
The ex-dividend date of this dividend is Monday, March 31st. RLJ Lodging Trust’s dividend payout ratio is presently 222.22%.
RLJ Lodging Trust Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding RLJ? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for RLJ Lodging Trust ( NYSE:RLJ – Free Report ). Receive News & Ratings for RLJ Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLJ Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter .
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