Choreo LLC Increases Stock Position in RLJ Lodging Trust (NYSE:RLJ)

Choreo LLC grew its stake in RLJ Lodging Trust (NYSE:RLJ) by 26.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,054 shares of the real estate investment trust’s stock after buying an additional 9,523 shares during the quarter. Choreo LLC’s holdings in RLJ Lodging Trust were worth $464,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of RLJ. Charles Schwab Investment Management Inc. boosted its holdings in shares of RLJ Lodging Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust’s stock worth $32,977,000 after purchasing an additional 170,484 shares during the period. Barclays PLC raised its stake in RLJ Lodging Trust by 97.4% in the 3rd quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust’s stock worth $2,495,000 after acquiring an additional 134,093 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 valued at $47,429,000 after buying an additional 240,254 shares during the last quarter. Inspire Investing LLC raised its position in shares of RLJ Lodging Trust by 22.3% in the third quarter. Inspire Investing LLC now owns 44,682 shares of the real estate investment trust’s stock worth $410,000 after acquiring an additional 8,136 shares during the period. Finally, Creative Planning purchased a new stake in RLJ Lodging Trust during the 3rd quarter worth approximately $275,000. Institutional investors own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RLJ shares. Truist Financial lowered their price objective on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company increased their price target on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the company an “underweight” rating in a research note on Monday, December 9th. StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Oppenheimer upped their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.92.

RLJ Lodging Trust Stock Performance

NYSE:RLJ opened at $9.64 on Wednesday. The firm has a 50 day simple moving average of $10.05 and a 200-day simple moving average of $9.61. 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 firm has a market cap of $1.48 billion, a PE ratio of 33.22 and a beta of 1.68. RLJ Lodging Trust has a 1-year low of $8.74 and a 1-year high of $12.39.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend was Tuesday, December 31st. RLJ Lodging Trust’s dividend payout ratio is currently 206.90%.

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.