RLJ Lodging Trust (NYSE:RLJ) Stock Holdings Lessened by Amalgamated Bank

Amalgamated Bank trimmed its stake in RLJ Lodging Trust (NYSE:RLJ) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,006 shares of the real estate investment trust’s stock after selling 1,634 shares during the quarter. Amalgamated Bank’s holdings in RLJ Lodging Trust were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in RLJ. HG Vora Capital Management LLC purchased a new stake in shares of RLJ Lodging Trust in the third quarter worth approximately $31,818,000. Donald Smith & CO. Inc. bought a new position in RLJ Lodging Trust during the fourth quarter valued at approximately $13,597,000. Glenmede Trust Co. NA bought a new position in RLJ Lodging Trust during the third quarter valued at approximately $11,324,000. Sumitomo Mitsui DS Asset Management Company Ltd raised 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 acquiring an additional 1,151,800 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new position in RLJ Lodging Trust during the third quarter valued at approximately $11,258,000. 92.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Oppenheimer raised their price objective on shares of RLJ Lodging Trust from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. StockNews.com lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday. One 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 has a consensus rating of “Hold” and a consensus price target of $13.90.

RLJ Lodging Trust Trading Down 1.3 %

Shares of RLJ stock opened at $10.07 on Friday. RLJ Lodging Trust has a 12 month low of $9.06 and a 12 month high of $12.39. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 1.13. The business’s 50 day moving average is $11.17 and its two-hundred day moving average is $11.31. The company has a market cap of $1.57 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 0.83 and a beta of 1.70.

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

RLJ Lodging Trust Announces Dividend

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

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.