RLJ Lodging Trust (NYSE:RLJ) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of RLJ Lodging Trust (NYSE:RLJFree Report) by 21.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,435 shares of the real estate investment trust’s stock after acquiring an additional 3,648 shares during the quarter. Victory Capital Management Inc.’s holdings in RLJ Lodging Trust were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RLJ. Vanguard Group Inc. boosted its stake in RLJ Lodging Trust by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 24,728,978 shares of the real estate investment trust’s stock valued at $242,097,000 after purchasing an additional 183,408 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in RLJ Lodging Trust by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,358,968 shares of the real estate investment trust’s stock valued at $32,884,000 after buying an additional 48,091 shares in the last quarter. HG Vora Capital Management LLC acquired a new position in RLJ Lodging Trust during the third quarter worth about $31,818,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in RLJ Lodging Trust by 4,772.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,175,932 shares of the real estate investment trust’s stock worth $13,782,000 after acquiring an additional 1,151,800 shares in the last quarter. Finally, Donald Smith & CO. Inc. bought a new stake in RLJ Lodging Trust in the fourth quarter worth about $13,597,000. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Price Performance

NYSE RLJ opened at $10.07 on Monday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 1.13. RLJ Lodging Trust has a 1 year low of $9.06 and a 1 year high of $12.39. The company has a market cap of $1.57 billion, a PE ratio of 35.96, a PEG ratio of 0.82 and a beta of 1.70. The stock’s 50-day moving average price is $11.14 and its two-hundred day moving average price is $11.32.

RLJ Lodging Trust (NYSE:RLJGet Free Report) last released its earnings results on Monday, February 26th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. RLJ Lodging Trust had a net margin of 5.29% and a return on equity of 3.53%. The business had revenue of $319.70 million for the quarter, compared to the consensus estimate of $313.34 million. During the same period last year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that RLJ Lodging Trust will post 1.55 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.97%. RLJ Lodging Trust’s payout ratio is currently 142.86%.

Analyst Ratings Changes

Several brokerages have recently issued reports on RLJ. StockNews.com cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday. Oppenheimer raised their target price on shares of RLJ Lodging Trust from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, RLJ Lodging Trust currently has an average rating of “Hold” and a consensus price target of $13.90.

Read Our Latest Report on RLJ Lodging Trust

RLJ Lodging Trust Company Profile

(Free Report)

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.

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

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