RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in RLJ Lodging Trust (NYSE:RLJ) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,208 shares of the real estate investment trust’s stock after selling 3,980 shares during the quarter. Nisa Investment Advisors LLC’s holdings in RLJ Lodging Trust were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of RLJ Lodging Trust by 197.3% in 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 period. Mirae Asset Global Investments Co. Ltd. increased its position in RLJ Lodging Trust by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,564 shares in the last quarter. Ground Swell Capital LLC purchased a new position in RLJ Lodging Trust in the third quarter valued at approximately $93,000. Aigen Investment Management LP purchased a new position in RLJ Lodging Trust in the third quarter valued at approximately $107,000. Finally, Metis Global Partners LLC lifted its position in RLJ Lodging Trust by 31.0% during the third quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 3,738 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Down 0.8 %

Shares of RLJ Lodging Trust stock opened at $9.99 on Wednesday. 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 PE ratio of 34.43 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. The business has a 50-day moving average of $10.12 and a 200-day moving average of $9.60.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $345.74 million during the quarter, compared to analysts’ expectations of $342.93 million. During the same period in the prior year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.01%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 206.90%.

Analysts Set New Price Targets

RLJ has been the subject of several recent research reports. Oppenheimer increased their price objective on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Truist Financial lowered their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th. Wells Fargo & Company boosted their price objective on RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an “underweight” rating in a research note on Monday, December 9th. Finally, StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Monday, January 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.92.

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.