Asset Management One Co. Ltd. Has $2.24 Million Stock Holdings in RLJ Lodging Trust (NYSE:RLJ)

Asset Management One Co. Ltd. reduced its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 220,649 shares of the real estate investment trust’s stock after selling 5,089 shares during the quarter. Asset Management One Co. Ltd. owned about 0.14% of RLJ Lodging Trust worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of RLJ Lodging Trust by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 1,564 shares during the period. Ground Swell Capital LLC bought a new stake in RLJ Lodging Trust in the 3rd quarter valued at $93,000. Aigen Investment Management LP bought a new position in RLJ Lodging Trust during the 3rd quarter worth $107,000. Metis Global Partners LLC increased its position in RLJ Lodging Trust by 31.0% during the 3rd quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 3,738 shares during the period. Finally, Creative Planning acquired a new stake in shares of RLJ Lodging Trust during the 3rd quarter worth $275,000. 92.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

RLJ has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a report on Tuesday. Oppenheimer lifted their price target on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Truist Financial lowered their target price 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.79.

RLJ Lodging Trust Stock Down 1.3 %

Shares of NYSE:RLJ opened at $9.62 on Thursday. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 33.16 and a beta of 1.68. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a 12-month low of $8.74 and a 12-month high of $12.39. The business’s 50 day moving average is $9.93 and its 200 day moving average is $9.61.

RLJ Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 6.24%. RLJ Lodging Trust’s payout ratio is 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.