Vanguard Group Inc. Has $150.34 Million Holdings in RLJ Lodging Trust $RLJ

Vanguard Group Inc. lessened its stake in RLJ Lodging Trust (NYSE:RLJ) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,179,873 shares of the real estate investment trust’s stock after selling 1,539,136 shares during the quarter. Vanguard Group Inc. owned about 0.13% of RLJ Lodging Trust worth $150,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. State of Wyoming boosted its stake in shares of RLJ Lodging Trust by 23.6% in the 3rd quarter. State of Wyoming now owns 9,120 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,741 shares during the last quarter. M&G PLC boosted its stake in shares of RLJ Lodging Trust by 8.2% in the 3rd quarter. M&G PLC now owns 24,355 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 1,845 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of RLJ Lodging Trust by 2.7% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,434 shares of the real estate investment trust’s stock valued at $795,000 after purchasing an additional 2,863 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of RLJ Lodging Trust by 2,721.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 3,347 shares during the last quarter. Finally, Daytona Street Capital LLC bought a new position in shares of RLJ Lodging Trust in the 4th quarter valued at about $28,000. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Down 1.6%

RLJ Lodging Trust stock opened at $8.81 on Tuesday. The company’s 50 day simple moving average is $7.90 and its 200 day simple moving average is $7.69. RLJ Lodging Trust has a fifty-two week low of $6.54 and a fifty-two week high of $9.00. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -880.90 and a beta of 1.09. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.89 and a quick ratio of 2.89.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. The business had revenue of $339.98 million for the quarter, compared to analyst estimates of $323.51 million. During the same quarter last year, the firm earned $0.31 EPS. RLJ Lodging Trust’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that RLJ Lodging Trust will post 1.22 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.60 annualized dividend and a yield of 6.8%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently -6,000.00%.

Wall Street Analyst Weigh In

RLJ has been the topic of several recent research reports. LADENBURG THALM/SH SH initiated coverage on shares of RLJ Lodging Trust in a research note on Thursday, March 26th. They issued a “neutral” rating and a $8.50 target price on the stock. Weiss Ratings raised shares of RLJ Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Truist Financial reduced their target price on shares of RLJ Lodging Trust from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Wall Street Zen raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research raised shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.50.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.