RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 381,738 shares of the real estate investment trust’s stock after selling 1,941 shares during the period. Sei Investments Co. owned approximately 0.25% of RLJ Lodging Trust worth $3,898,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RLJ. Charles Schwab Investment Management Inc. increased its holdings in shares of RLJ Lodging Trust by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust’s stock valued at $32,977,000 after buying an additional 170,484 shares in the last quarter. Barclays PLC lifted its holdings in shares of RLJ Lodging Trust by 97.4% during the third quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust’s stock valued at $2,495,000 after purchasing an additional 134,093 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of RLJ Lodging Trust by 7.5% in the 4th quarter. Fisher Asset Management LLC now owns 3,331,818 shares of the real estate investment trust’s stock valued at $34,018,000 after purchasing an additional 232,393 shares during the period. Sanctuary Advisors LLC purchased a new position in RLJ Lodging Trust in the 4th quarter worth about $277,000. Finally, JPMorgan Chase & Co. raised its holdings in RLJ Lodging Trust by 4.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust’s stock worth $47,429,000 after buying an additional 240,254 shares during the period. 92.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a report on Tuesday, February 18th. Truist Financial downgraded shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $11.00 to $10.00 in a research note on Friday, March 21st. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, KeyCorp lowered their price target 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, RLJ Lodging Trust currently has an average rating of “Hold” and a consensus target price of $10.82.

Insider Buying and Selling at RLJ Lodging Trust

In related news, Director Patricia L. Gibson bought 10,000 shares of the business’s stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $8.03 per share, for a total transaction of $80,300.00. Following the completion of the acquisition, the director now directly owns 124,217 shares in the company, valued at approximately $997,462.51. This represents a 8.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

RLJ Lodging Trust Trading Up 0.1 %

RLJ Lodging Trust stock opened at $7.99 on Thursday. RLJ Lodging Trust has a 12 month low of $7.79 and a 12 month high of $11.99. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1.21 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.87 and a beta of 1.69. The company’s fifty day simple moving average is $9.21 and its 200-day simple moving average is $9.55.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 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 for the quarter, compared to the consensus estimate of $324.66 million. As a group, sell-side analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 7.51%. RLJ Lodging Trust’s dividend payout ratio is currently 222.22%.

RLJ Lodging Trust 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.