Patricia L. Gibson Buys 10,000 Shares of RLJ Lodging Trust (NYSE:RLJ) Stock

RLJ Lodging Trust (NYSE:RLJ) Director Patricia L. Gibson bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average price of $8.03 per share, with a total value of $80,300.00. Following the completion of the acquisition, the director now owns 124,217 shares of the company’s stock, valued at $997,462.51. This trade represents a 8.76 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

RLJ Lodging Trust Stock Up 0.1 %

RLJ Lodging Trust stock opened at $7.99 on Thursday. The company has a market capitalization of $1.21 billion, a P/E ratio of 27.55, a PEG ratio of 2.87 and a beta of 1.69. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. RLJ Lodging Trust has a fifty-two week low of $7.79 and a fifty-two week high of $11.99. The stock has a 50-day simple moving average of $9.21 and a 200-day simple moving average of $9.55.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.36. The business had revenue of $329.99 million during the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. Equities research analysts expect that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.15 dividend. The ex-dividend date 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 presently 222.22%.

Institutional Investors Weigh In On RLJ Lodging Trust

Several hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in RLJ Lodging Trust during the 4th quarter worth approximately $3,678,000. GF Fund Management CO. LTD. acquired a new stake in shares of RLJ Lodging Trust during the fourth quarter worth $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in RLJ Lodging Trust by 5.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 890,487 shares of the real estate investment trust’s stock valued at $9,092,000 after buying an additional 48,734 shares during the last quarter. Woodline Partners LP acquired a new position in RLJ Lodging Trust in the 4th quarter valued at $9,714,000. Finally, Two Sigma Advisers LP raised its position in RLJ Lodging Trust by 9.8% during the 4th quarter. Two Sigma Advisers LP now owns 225,823 shares of the real estate investment trust’s stock worth $2,306,000 after buying an additional 20,100 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

RLJ has been the subject of several recent research reports. KeyCorp decreased their price objective on RLJ Lodging Trust from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Truist Financial downgraded shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $11.00 to $10.00 in a research note on Friday, March 21st. StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company lowered 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 research note on Tuesday, February 18th. Two 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.