10,913 Shares in RLJ Lodging Trust (NYSE:RLJ) Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC bought a new stake in shares of RLJ Lodging Trust (NYSE:RLJ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,913 shares of the real estate investment trust’s stock, valued at approximately $111,000.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its position in RLJ Lodging Trust by 22.3% in the fourth quarter. Barclays PLC now owns 332,437 shares of the real estate investment trust’s stock worth $3,394,000 after acquiring an additional 60,688 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of RLJ Lodging Trust by 9,368.4% in the 4th quarter. Sterling Capital Management LLC now owns 49,993 shares of the real estate investment trust’s stock worth $510,000 after purchasing an additional 49,465 shares in the last quarter. Capula Management Ltd bought a new position in shares of RLJ Lodging Trust during the 4th quarter valued at about $321,000. Invesco Ltd. increased its position in shares of RLJ Lodging Trust by 46.9% during the 4th quarter. Invesco Ltd. now owns 1,254,239 shares of the real estate investment trust’s stock valued at $12,806,000 after purchasing an additional 400,261 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of RLJ Lodging Trust by 23.6% during the 4th quarter. Federated Hermes Inc. now owns 107,716 shares of the real estate investment trust’s stock valued at $1,100,000 after buying an additional 20,601 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Price Performance

RLJ stock opened at $6.88 on Tuesday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.87 and a beta of 1.51. The firm’s 50-day moving average price is $8.34 and its two-hundred day moving average price is $9.27. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a 12-month low of $6.16 and a 12-month high of $11.48.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly 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. The business had revenue of $329.99 million during the quarter, compared to analyst estimates of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. As a group, equities analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date of this dividend was Monday, March 31st. RLJ Lodging Trust’s payout ratio is currently 222.22%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RLJ shares. KeyCorp reduced 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 report on Monday, March 24th. Truist Financial lowered shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $11.00 to $10.00 in a report on Friday, March 21st. StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company reduced their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, RLJ Lodging Trust presently has an average rating of “Hold” and an average target price of $10.82.

Insider Buying and Selling at RLJ Lodging Trust

In other news, Director Patricia L. Gibson bought 10,000 shares of the firm’s stock in a transaction dated Friday, March 28th. The stock was purchased at an average price of $8.03 per share, with a total value of $80,300.00. Following the transaction, the director now owns 124,217 shares of the company’s stock, valued at approximately $997,462.51. The trade was a 8.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

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.