1 week Ago By Defense World Staff
Norges Bank bought a new position in shares of RLJ Lodging Trust ( NYSE:RLJ – Free Report ) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 531,417 shares of the real estate investment trust’s stock, valued at approximately $5,426,000. Norges Bank owned 0.
35% of RLJ Lodging Trust as of its most recent SEC filing. A number of other hedge funds also recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in RLJ Lodging Trust by 78.
2% in the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,417 shares in the last quarter. Xponance Inc.
acquired a new stake in shares of RLJ Lodging Trust in the 4th quarter valued at $112,000. EntryPoint Capital LLC raised its holdings in shares of 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. Cibc World Markets Corp purchased a new stake in shares of RLJ Lodging Trust during the 4th quarter worth $146,000. Finally, Metis Global Partners LLC grew its stake in shares of RLJ Lodging Trust by 11.
4% during the fourth quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 1,796 shares in the last quarter. 92.
35% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several research analysts have recently issued reports on the company. Truist Financial cut RLJ Lodging Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $11.
00 to $10.00 in a research report on Friday, March 21st. KeyCorp dropped 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 research note on Monday, March 24th. StockNews.
com downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Wells Fargo & Company dropped their target price on shares of RLJ Lodging Trust from $10.50 to $9.
75 and set an “underweight” rating on the stock in a research report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.
com, RLJ Lodging Trust currently has a consensus rating of “Hold” and an average price target of $10.82. Insider Transactions at RLJ Lodging Trust In other news, Director Patricia L.
Gibson acquired 10,000 shares of the business’s stock in a transaction on Friday, March 28th. The stock was bought at an average price of $8.03 per share, for a total transaction of $80,300.
00. Following the transaction, the director now owns 124,217 shares in the company, valued at $997,462.51.
This represents a 8.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website .
Company insiders own 2.60% of the company’s stock. RLJ Lodging Trust Stock Performance Shares of RLJ Lodging Trust stock opened at $7.
41 on Thursday. The firm’s fifty day simple moving average is $8.78 and its 200-day simple moving average is $9.
42. RLJ Lodging Trust has a 12 month low of $6.16 and a 12 month high of $11.
83. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 25.
55, a PEG ratio of 2.87 and a beta of 1.51.
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 quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.
33 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 company had revenue of $329.99 million for the quarter, compared to analyst estimates of $324.66 million.
As a group, equities analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current year. RLJ Lodging Trust Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th.
Stockholders 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 dividend yield of 8.10%. The ex-dividend date is Monday, March 31st.
RLJ Lodging Trust’s payout ratio is currently 222.22%. RLJ Lodging Trust Company 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 Five stocks we like better than RLJ Lodging Trust What is the NASDAQ Stock Exchange? Quantum Computing: The $6.5 Billion Opportunity You Can’t Ignore Natural Gas Prices Continue To Rally, These Stocks Should Benefit Are Tariffs Threatening Disney’s Comeback Story? What is a buyback in stocks? A comprehensive guide for investors Is Alphabet a Generational Buying Opportunity at These Levels? 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.
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