Dimensional Fund Advisors LP Reduces Stock Holdings in RLJ Lodging Trust (NYSE:RLJ)

Dimensional Fund Advisors LP reduced its stake in shares of RLJ Lodging Trust (NYSE:RLJFree Report) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,211,023 shares of the real estate investment trust’s stock after selling 85,508 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.42% of RLJ Lodging Trust worth $25,914,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RLJ. Vanguard Group Inc. lifted its stake in shares of RLJ Lodging Trust by 0.7% in 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 during the period. Charles Schwab Investment Management Inc. raised its holdings in RLJ Lodging Trust by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,358,968 shares of the real estate investment trust’s stock worth $32,884,000 after purchasing an additional 48,091 shares in the last quarter. HG Vora Capital Management LLC purchased a new position in RLJ Lodging Trust during the third quarter valued at $31,818,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in RLJ Lodging Trust by 4,772.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,175,932 shares of the real estate investment trust’s stock valued at $13,782,000 after buying an additional 1,151,800 shares during the period. Finally, Donald Smith & CO. Inc. bought a new stake in shares of RLJ Lodging Trust during the 4th quarter valued at $13,597,000. 92.35% of the stock is currently owned by institutional investors.

RLJ Lodging Trust Stock Up 0.8 %

Shares of RLJ Lodging Trust stock opened at $10.06 on Tuesday. The company has a 50-day simple moving average of $10.91 and a two-hundred day simple moving average of $11.32. The stock has a market capitalization of $1.57 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 0.82 and a beta of 1.70. RLJ Lodging Trust has a 52-week low of $9.06 and a 52-week high of $12.39. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.81 and a current ratio of 2.81.

RLJ Lodging Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 annualized dividend and a yield of 3.98%. RLJ Lodging Trust’s dividend payout ratio is 142.86%.

Analysts Set New Price Targets

Several research analysts recently issued reports on RLJ shares. StockNews.com lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Oppenheimer upped their price target on RLJ Lodging Trust from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.90.

Get Our Latest Analysis on RLJ Lodging Trust

RLJ Lodging Trust 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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