EntryPoint Capital LLC Acquires 2,624 Shares of RLJ Lodging Trust (NYSE:RLJ)

EntryPoint Capital LLC increased its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,659 shares of the real estate investment trust’s stock after buying an additional 2,624 shares during the period. EntryPoint Capital LLC’s holdings in RLJ Lodging Trust were worth $139,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in RLJ Lodging Trust by 294.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 841,753 shares of the real estate investment trust’s stock worth $7,727,000 after acquiring an additional 628,157 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of RLJ Lodging Trust during the fourth quarter worth $4,374,000. State Street Corp increased its holdings in RLJ Lodging Trust by 4.8% in the third quarter. State Street Corp now owns 7,397,290 shares of the real estate investment trust’s stock valued at $68,999,000 after purchasing an additional 340,271 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in RLJ Lodging Trust by 4.9% in 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 buying an additional 240,254 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings 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 buying an additional 232,393 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RLJ. Truist Financial downgraded shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $11.00 to $10.00 in a research report on Friday, March 21st. KeyCorp reduced 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 report on Monday, March 24th. StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company decreased their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.82.

RLJ Lodging Trust Stock Down 2.0 %

RLJ stock opened at $8.03 on Monday. 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 stock has a market capitalization of $1.22 billion, a P/E ratio of 27.67, a P/E/G ratio of 2.87 and a beta of 1.69. RLJ Lodging Trust has a fifty-two week low of $7.98 and a fifty-two week high of $11.99. The business has a 50-day moving average of $9.32 and a 200-day moving average of $9.57.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.36. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The firm had revenue of $329.99 million during the quarter, compared to the consensus estimate of $324.66 million. 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 will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 7.48%. RLJ Lodging Trust’s payout ratio is currently 222.22%.

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.