Nisa Investment Advisors LLC Sells 6,517 Shares of RLJ Lodging Trust (NYSE:RLJ)

Nisa Investment Advisors LLC lowered its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 10.6% during the 4th quarter, HoldingsChannel reports. The fund owned 54,830 shares of the real estate investment trust’s stock after selling 6,517 shares during the period. Nisa Investment Advisors LLC’s holdings in RLJ Lodging Trust were worth $643,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Point72 Middle East FZE bought a new stake in RLJ Lodging Trust during the fourth quarter worth about $38,000. Quarry LP bought a new position in shares of RLJ Lodging Trust in the second quarter worth approximately $37,000. Tower Research Capital LLC TRC lifted its stake in shares of RLJ Lodging Trust by 319.5% in the first quarter. Tower Research Capital LLC TRC now owns 3,713 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 2,828 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of RLJ Lodging Trust in the second quarter worth approximately $44,000. Finally, Beverly Hills Private Wealth LLC bought a new position in shares of RLJ Lodging Trust in the third quarter worth approximately $98,000. Institutional investors own 92.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RLJ shares. StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. Oppenheimer upped their target price on shares of RLJ Lodging Trust from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Truist Financial upped their target price on shares of RLJ Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Wells Fargo & Company upped their target price on shares of RLJ Lodging Trust from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research note on Friday, December 22nd. Finally, Wolfe Research started coverage on shares of RLJ Lodging Trust in a report on Wednesday, January 10th. They set an “outperform” rating and a $15.00 price objective for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.90.

RLJ Lodging Trust Stock Down 2.2 %

RLJ opened at $11.22 on Wednesday. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 1.12. The firm has a 50 day moving average price of $11.79 and a 200-day moving average price of $11.13. RLJ Lodging Trust has a twelve month low of $9.06 and a twelve month high of $12.39. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 0.94 and a beta of 1.71.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. RLJ Lodging Trust had a net margin of 5.76% and a return on equity of 3.79%. The firm had revenue of $319.70 million during the quarter, compared to analysts’ expectations of $313.34 million. During the same period in the previous year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts forecast that RLJ Lodging Trust will post 1.56 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 3.57%. RLJ Lodging Trust’s dividend payout ratio is currently 125.00%.

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.