198,900 Shares in RLJ Lodging Trust $RLJ Purchased by Denali Advisors LLC

Denali Advisors LLC purchased a new stake in shares of RLJ Lodging Trust (NYSE:RLJ) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 198,900 shares of the real estate investment trust’s stock, valued at approximately $1,432,000. Denali Advisors LLC owned about 0.13% of RLJ Lodging Trust at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of RLJ Lodging Trust by 0.9% in the 2nd quarter. Nordea Investment Management AB now owns 576,941 shares of the real estate investment trust’s stock valued at $4,235,000 after acquiring an additional 5,401 shares during the last quarter. JPMorgan Chase & Co. raised its position in RLJ Lodging Trust by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 4,977,691 shares of the real estate investment trust’s stock valued at $36,238,000 after purchasing an additional 137,014 shares during the period. Savant Capital LLC bought a new stake in shares of RLJ Lodging Trust in the 2nd quarter valued at approximately $399,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of RLJ Lodging Trust by 36.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,282,101 shares of the real estate investment trust’s stock valued at $16,614,000 after purchasing an additional 614,166 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of RLJ Lodging Trust by 191.1% in the 2nd quarter. Prudential Financial Inc. now owns 740,265 shares of the real estate investment trust’s stock worth $5,389,000 after purchasing an additional 485,991 shares during the period. Institutional investors own 92.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Raymond James Financial upgraded RLJ Lodging Trust from a “market perform” rating to a “strong-buy” rating and set a $9.00 price target on the stock in a report on Wednesday, November 12th. Zacks Research upgraded shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Barclays assumed coverage on shares of RLJ Lodging Trust in a report on Tuesday, January 6th. They issued an “underweight” rating and a $6.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of RLJ Lodging Trust in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, RLJ Lodging Trust has an average rating of “Hold” and a consensus price target of $8.64.

RLJ Lodging Trust Stock Up 1.0%

Shares of RLJ opened at $8.31 on Tuesday. The firm has a market capitalization of $1.25 billion, a P/E ratio of 166.10 and a beta of 1.12. RLJ Lodging Trust has a 12-month low of $6.16 and a 12-month high of $9.81. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.21. The firm has a fifty day moving average price of $7.71 and a 200-day moving average price of $7.45.

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Wednesday, December 31st. RLJ Lodging Trust’s payout ratio is currently 1,200.00%.

Insider Activity

In other RLJ Lodging Trust news, Director Robin Mcbride Zeigler sold 13,413 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $7.51, for a total transaction of $100,731.63. Following the transaction, the director directly owned 37,159 shares in the company, valued at $279,064.09. This trade represents a 26.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

RLJ Lodging Trust Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.