Xponance Inc. Buys Shares of 10,926 RLJ Lodging Trust (NYSE:RLJ)

Xponance Inc. bought a new position in shares of RLJ Lodging Trust (NYSE:RLJ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,926 shares of the real estate investment trust’s stock, valued at approximately $112,000.

A number of other large investors also recently modified their holdings of the business. US Bancorp DE raised its stake in RLJ Lodging Trust by 78.2% during the fourth 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 during the period. Cibc World Markets Corp bought a new position in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $146,000. Metis Global Partners LLC raised its position in shares of RLJ Lodging Trust by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 1,796 shares during the period. Cornerstone Investment Partners LLC bought a new stake in shares of RLJ Lodging Trust in the 4th quarter worth approximately $209,000. Finally, Sanctuary Advisors LLC acquired a new position in RLJ Lodging Trust during the 4th quarter valued at approximately $277,000. 92.35% of the stock is currently owned by institutional investors.

RLJ Lodging Trust Trading Down 2.0 %

RLJ Lodging Trust stock opened at $8.03 on Friday. RLJ Lodging Trust has a 12-month low of $7.98 and a 12-month high of $11.99. 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 PE ratio of 27.67, a price-to-earnings-growth ratio of 2.87 and a beta of 1.69. The firm has a 50 day simple moving average of $9.32 and a 200-day simple moving average of $9.57.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $324.66 million. As a group, equities research analysts expect that RLJ Lodging Trust will post 1.37 EPS 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 given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.48%. The ex-dividend date of this dividend is Monday, March 31st. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 222.22%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Truist Financial lowered 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 research report on Friday, March 21st. Wells Fargo & Company cut their price objective on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a research report on Tuesday, February 18th. StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, KeyCorp dropped 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 note on Monday, March 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, RLJ Lodging Trust presently has a consensus rating of “Hold” and an average target price of $10.82.

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.