New Age Alpha Advisors LLC Buys New Stake in RLJ Lodging Trust (NYSE:RLJ)

New Age Alpha Advisors LLC purchased a new position in shares of RLJ Lodging Trust (NYSE:RLJ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 101,691 shares of the real estate investment trust’s stock, valued at approximately $1,038,000. New Age Alpha Advisors LLC owned 0.07% of RLJ Lodging Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its holdings in RLJ Lodging Trust by 78.2% in the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,417 shares during the period. Xponance Inc. acquired a new stake in shares of RLJ Lodging Trust in the 4th quarter worth approximately $112,000. EntryPoint Capital LLC boosted its holdings in shares of RLJ Lodging Trust by 23.8% in the fourth quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 2,624 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $146,000. Finally, Metis Global Partners LLC raised its holdings in RLJ Lodging Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 1,796 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Trading Down 1.4 %

NYSE:RLJ opened at $7.91 on Tuesday. The stock has a fifty day simple moving average of $9.28 and a 200 day simple moving average of $9.57. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.69. RLJ Lodging Trust has a 1-year low of $7.79 and a 1-year high of $11.99.

RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.36. The business had revenue of $329.99 million for the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. Sell-side analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 7.59%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 222.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on 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 lowered RLJ Lodging Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $11.00 to $10.00 in a report on Friday, March 21st. KeyCorp cut their price target on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Finally, StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.82.

Insider Activity

In other RLJ Lodging Trust news, Director Patricia L. Gibson acquired 10,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 124,217 shares of the company’s stock, valued at $997,462.51. The trade was a 8.76 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

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.