Robin Mcbride Zeigler Sells 13,413 Shares of RLJ Lodging Trust (NYSE:RLJ) Stock

RLJ Lodging Trust (NYSE:RLJ) Director Robin Mcbride Zeigler sold 13,413 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $7.51, for a total value of $100,731.63. Following the sale, the director directly owned 37,159 shares of the company’s stock, valued at $279,064.09. The trade was a 26.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

RLJ Lodging Trust Stock Down 0.4%

RLJ stock opened at $7.61 on Thursday. The stock has a market cap of $1.15 billion, a P/E ratio of 36.24 and a beta of 1.48. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $7.17 and its two-hundred day simple moving average is $7.37. RLJ Lodging Trust has a 1-year low of $6.16 and a 1-year high of $10.84.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $330.05 million for the quarter, compared to analysts’ expectations of $326.13 million. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. RLJ Lodging Trust has set its FY 2025 guidance at EPS. Analysts expect that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.60 annualized dividend and a yield of 7.9%. RLJ Lodging Trust’s payout ratio is currently 1,200.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RLJ. Weiss Ratings restated a “sell (d)” rating on shares of RLJ Lodging Trust in a research note on Monday. Baird R W lowered RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Raymond James Financial upgraded RLJ Lodging Trust from a “market perform” rating to a “strong-buy” rating and set a $9.00 target price on the stock in a research note on Wednesday, November 12th. Zacks Research cut RLJ Lodging Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Finally, Wells Fargo & Company upgraded RLJ Lodging Trust to a “strong sell” rating in a research note on Friday, October 3rd. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, RLJ Lodging Trust presently has a consensus rating of “Hold” and a consensus price target of $9.08.

Institutional Investors Weigh In On RLJ Lodging Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of RLJ Lodging Trust by 2,721.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 3,347 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of RLJ Lodging Trust during the 3rd quarter valued at $36,000. KBC Group NV lifted its holdings in RLJ Lodging Trust by 55.2% during the 2nd quarter. KBC Group NV now owns 5,258 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,870 shares in the last quarter. Danske Bank A S purchased a new stake in RLJ Lodging Trust during the 3rd quarter worth about $50,000. Finally, State of Wyoming boosted its stake in RLJ Lodging Trust by 23.6% in the 3rd quarter. State of Wyoming now owns 9,120 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 1,741 shares during the period. Institutional investors own 92.35% of the company’s stock.

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.