RLJ Lodging Trust (NYSE:RLJ) Director Purchases $80,300.00 in Stock

RLJ Lodging Trust (NYSE:RLJ) Director Patricia L. Gibson purchased 10,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Friday, March 28th. The stock was acquired at an average cost of $8.03 per share, with a total value of $80,300.00. Following the acquisition, the director now directly owns 124,217 shares in the company, valued at $997,462.51. This trade represents a 8.76 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

RLJ Lodging Trust Trading Up 0.1 %

Shares of RLJ Lodging Trust stock opened at $7.99 on Thursday. The stock has a 50 day moving average of $9.21 and a 200 day moving average of $9.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.87 and a beta of 1.69. RLJ Lodging Trust has a fifty-two week low of $7.79 and a fifty-two week high of $11.99.

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. The business had revenue of $329.99 million during the quarter, compared to analysts’ expectations of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. As a group, research analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date is Monday, March 31st. RLJ Lodging Trust’s dividend payout ratio (DPR) is 222.22%.

Wall Street Analyst Weigh In

RLJ has been the subject of several recent analyst reports. StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. KeyCorp lowered their price objective on RLJ Lodging Trust from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Wells Fargo & Company dropped their price target on 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. Finally, Truist Financial lowered shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $11.00 to $10.00 in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.82.

Hedge Funds Weigh In On RLJ Lodging Trust

A number of hedge funds have recently made changes to their positions in RLJ. GF Fund Management CO. LTD. acquired a new position in RLJ Lodging Trust during the fourth quarter worth $29,000. US Bancorp DE lifted its stake in RLJ Lodging Trust by 78.2% during the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,417 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in RLJ Lodging Trust during the 4th quarter valued at about $111,000. Xponance Inc. acquired a new position in RLJ Lodging Trust in the 4th quarter valued at about $112,000. Finally, EntryPoint Capital LLC increased its stake in RLJ Lodging Trust by 23.8% during the fourth quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 2,624 shares during the period. Hedge funds and other institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Company Profile

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.