Deutsche Bank AG Boosts Holdings in RLJ Lodging Trust (NYSE:RLJ)

Deutsche Bank AG increased its position in RLJ Lodging Trust (NYSE:RLJ) by 26.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,572 shares of the real estate investment trust’s stock after purchasing an additional 42,143 shares during the quarter. Deutsche Bank AG owned 0.13% of RLJ Lodging Trust worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of RLJ Lodging Trust by 0.5% during the fourth quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust’s stock valued at $2,888,000 after acquiring an additional 1,320 shares in the last quarter. US Bancorp DE raised its position in shares of RLJ Lodging Trust by 78.2% in the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,417 shares in the last quarter. Metis Global Partners LLC raised its position in shares of RLJ Lodging Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 1,796 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of RLJ Lodging Trust by 23.8% during the 4th quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 2,624 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of RLJ Lodging Trust by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 1,315,588 shares of the real estate investment trust’s stock worth $13,432,000 after buying an additional 4,258 shares in the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Patricia L. Gibson acquired 10,000 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average cost of $8.03 per share, for a total transaction of $80,300.00. Following the purchase, the director now directly owns 124,217 shares in the company, valued at $997,462.51. This represents a 8.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RLJ shares. Oppenheimer cut their price target on shares of RLJ Lodging Trust from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Wall Street Zen lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company reduced their price target on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a research report on Tuesday, February 18th. Truist Financial downgraded RLJ Lodging Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $11.00 to $10.00 in a research note on Friday, March 21st. Finally, KeyCorp cut their price objective on RLJ Lodging Trust from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.68.

RLJ Lodging Trust Stock Performance

RLJ Lodging Trust stock opened at $7.15 on Friday. RLJ Lodging Trust has a 1 year low of $6.16 and a 1 year high of $10.84. The firm’s 50-day moving average is $7.40 and its 200-day moving average is $8.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market cap of $1.08 billion, a P/E ratio of 24.66, a PEG ratio of 2.87 and a beta of 1.50.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The firm had revenue of $328.12 million for the quarter, compared to analyst estimates of $328.08 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. RLJ Lodging Trust’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts expect that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 8.39%. The ex-dividend date of this dividend was Monday, March 31st. RLJ Lodging Trust’s payout ratio is 230.77%.

RLJ Lodging Trust Company 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.