Inceptionr LLC Sells 18,127 Shares of RLJ Lodging Trust (NYSE:RLJ)

Inceptionr LLC decreased its holdings in RLJ Lodging Trust (NYSE:RLJ) by 48.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,169 shares of the real estate investment trust’s stock after selling 18,127 shares during the period. Inceptionr LLC’s holdings in RLJ Lodging Trust were worth $196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RLJ. Wolverine Asset Management LLC increased its holdings in shares of RLJ Lodging Trust by 75.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 44,806 shares of the real estate investment trust’s stock worth $411,000 after purchasing an additional 19,206 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of RLJ Lodging Trust in the third quarter worth $107,000. Metis Global Partners LLC grew its holdings in shares of RLJ Lodging Trust by 31.0% in the third quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 3,738 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of RLJ Lodging Trust by 25.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,991,625 shares of the real estate investment trust’s stock worth $18,283,000 after acquiring an additional 400,100 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of RLJ Lodging Trust in the third quarter worth $406,000. Institutional investors own 92.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on RLJ shares. Oppenheimer lifted their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company cut their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RLJ Lodging Trust currently has an average rating of “Hold” and an average price target of $10.79.

RLJ Lodging Trust Stock Performance

NYSE:RLJ opened at $9.23 on Tuesday. The stock has a 50-day simple moving average of $9.71 and a two-hundred day simple moving average of $9.64. RLJ Lodging Trust has a 52-week low of $8.75 and a 52-week high of $12.21. 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 firm has a market capitalization of $1.40 billion, a PE ratio of 31.81, a P/E/G ratio of 2.87 and a beta of 1.69.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The business had revenue of $329.99 million for the quarter, compared to the consensus estimate of $324.66 million. Analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 6.50%. RLJ Lodging Trust’s payout ratio is 222.22%.

About RLJ Lodging Trust

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.