RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its holdings in RLJ Lodging Trust (NYSE:RLJ) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,057,516 shares of the real estate investment trust’s stock after selling 590,158 shares during the period. Fisher Asset Management LLC owned 1.96% of RLJ Lodging Trust worth $35,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of RLJ. Metis Global Partners LLC acquired a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at about $122,000. Stevens Capital Management LP acquired a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at about $128,000. Los Angeles Capital Management LLC acquired a new stake in RLJ Lodging Trust during the fourth quarter worth about $168,000. Caxton Associates LP acquired a new stake in RLJ Lodging Trust during the third quarter worth about $214,000. Finally, Mackenzie Financial Corp increased its position in RLJ Lodging Trust by 8.7% during the fourth quarter. Mackenzie Financial Corp now owns 18,966 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 1,525 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors and hedge funds.

RLJ Lodging Trust Trading Up 0.5 %

Shares of RLJ stock opened at $9.62 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a market cap of $1.50 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 0.85 and a beta of 1.70. The company has a 50-day moving average of $10.52 and a two-hundred day moving average of $11.27. RLJ Lodging Trust has a 1-year low of $9.06 and a 1-year high of $12.39.

RLJ Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, June 28th. RLJ Lodging Trust’s payout ratio is 142.86%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RLJ shares. Robert W. Baird cut their price objective on shares of RLJ Lodging Trust from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday, June 11th. StockNews.com cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Finally, Oppenheimer raised their price objective on shares of RLJ Lodging Trust from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.58.

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.