RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands decreased its position in RLJ Lodging Trust (NYSE:RLJ) by 19.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 69,200 shares of the real estate investment trust’s stock after selling 17,000 shares during the period. Pensionfund DSM Netherlands’ holdings in RLJ Lodging Trust were worth $707,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in RLJ Lodging Trust by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,564 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of RLJ Lodging Trust by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 389,527 shares of the real estate investment trust’s stock valued at $3,576,000 after purchasing an additional 1,634 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of RLJ Lodging Trust by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 225,738 shares of the real estate investment trust’s stock valued at $2,072,000 after purchasing an additional 1,755 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of RLJ Lodging Trust by 1.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 192,700 shares of the real estate investment trust’s stock worth $1,769,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Quarry LP raised its position in shares of RLJ Lodging Trust by 197.3% during the 2nd quarter. Quarry LP now owns 5,465 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 3,627 shares during the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Down 0.1 %

NYSE:RLJ traded down $0.01 during mid-day trading on Monday, reaching $9.97. The stock had a trading volume of 60,373 shares, compared to its average volume of 861,769. The stock’s 50 day simple moving average is $9.95 and its two-hundred day simple moving average is $9.56. RLJ Lodging Trust has a 1-year low of $8.74 and a 1-year high of $12.39. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 2.31 and a beta of 1.70. 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) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.23). RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The firm had revenue of $345.74 million for the quarter, compared to analyst estimates of $342.93 million. During the same period in the prior year, the company posted $0.40 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that RLJ Lodging Trust will post 1.34 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 6.02%. RLJ Lodging Trust’s payout ratio is currently 206.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Oppenheimer increased their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Truist Financial dropped their price objective on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Wolfe Research lowered shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. StockNews.com lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, December 31st. Finally, Wells Fargo & Company boosted their price target on RLJ Lodging Trust from $10.00 to $10.50 and gave the company an “underweight” rating in a report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.50.

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.