RLJ Lodging Trust (NYSE:RLJ) Shares Acquired by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in RLJ Lodging Trust (NYSE:RLJGet Rating) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,633 shares of the real estate investment trust’s stock after acquiring an additional 3,060 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in RLJ Lodging Trust were worth $776,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RLJ. Raymond James Financial Services Advisors Inc. raised its stake in shares of RLJ Lodging Trust by 2.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 78,666 shares of the real estate investment trust’s stock valued at $1,108,000 after acquiring an additional 2,246 shares in the last quarter. Bank of Montreal Can raised its stake in RLJ Lodging Trust by 2,291.9% in the first quarter. Bank of Montreal Can now owns 254,542 shares of the real estate investment trust’s stock valued at $3,625,000 after buying an additional 243,900 shares in the last quarter. MetLife Investment Management LLC raised its stake in RLJ Lodging Trust by 55.7% in the first quarter. MetLife Investment Management LLC now owns 88,013 shares of the real estate investment trust’s stock valued at $1,239,000 after buying an additional 31,501 shares in the last quarter. APG Asset Management N.V. acquired a new stake in RLJ Lodging Trust in the first quarter valued at $1,588,000. Finally, Great West Life Assurance Co. Can raised its stake in RLJ Lodging Trust by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 148,301 shares of the real estate investment trust’s stock valued at $2,171,000 after buying an additional 4,188 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

RLJ Lodging Trust Stock Performance

Shares of RLJ stock opened at $11.48 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.67 and a current ratio of 3.67. RLJ Lodging Trust has a 1 year low of $9.84 and a 1 year high of $15.45. The stock’s 50-day moving average is $11.24 and its two-hundred day moving average is $11.59. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -104.36 and a beta of 1.75.

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Saturday, December 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, December 29th. RLJ Lodging Trust’s dividend payout ratio is currently -181.82%.

Analyst Ratings Changes

RLJ has been the topic of a number of analyst reports. Truist Financial cut their price target on RLJ Lodging Trust from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, October 20th. Compass Point cut their price target on RLJ Lodging Trust to $18.00 in a research note on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft cut their price target on RLJ Lodging Trust from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, October 25th. StockNews.com initiated coverage on RLJ Lodging Trust in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, KeyCorp dropped their price objective on RLJ Lodging Trust from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday, December 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.79.

RLJ Lodging Trust Profile

(Get Rating)

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 consists of 103 hotels with approximately 22,570 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

See Also

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Institutional Ownership by Quarter for RLJ Lodging Trust (NYSE:RLJ)

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