Insider Buying: RLJ Lodging Trust (NYSE:RLJ) Director Buys 1,000 Shares of Stock

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RLJ Lodging Trust (NYSE:RLJ) Director Patricia L. Gibson purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average cost of $19.40 per share, for a total transaction of $19,400.00. Following the purchase, the director now owns 14,565 shares in the company, valued at $282,561. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

RLJ stock opened at $20.10 on Friday. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $3,530.17, a price-to-earnings ratio of 8.38, a P/E/G ratio of 1.69 and a beta of 1.15. RLJ Lodging Trust has a 1 year low of $18.67 and a 1 year high of $23.98.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $462.49 million for the quarter, compared to analyst estimates of $442.14 million. RLJ Lodging Trust had a return on equity of 2.77% and a net margin of 5.52%. equities analysts forecast that RLJ Lodging Trust will post 2.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.57%. RLJ Lodging Trust’s payout ratio is currently 55.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB purchased a new position in shares of RLJ Lodging Trust in the 4th quarter valued at about $352,000. MetLife Investment Advisors LLC purchased a new position in shares of RLJ Lodging Trust in the 4th quarter valued at about $1,706,000. Macquarie Group Ltd. increased its holdings in shares of RLJ Lodging Trust by 347.3% in the 4th quarter. Macquarie Group Ltd. now owns 295,337 shares of the real estate investment trust’s stock valued at $5,777,000 after acquiring an additional 229,314 shares during the last quarter. Vident Investment Advisory LLC increased its holdings in shares of RLJ Lodging Trust by 5.8% in the 4th quarter. Vident Investment Advisory LLC now owns 117,519 shares of the real estate investment trust’s stock valued at $2,582,000 after acquiring an additional 6,488 shares during the last quarter. Finally, Zeke Capital Advisors LLC purchased a new position in shares of RLJ Lodging Trust in the 4th quarter valued at about $247,000.

RLJ has been the topic of several recent analyst reports. Zacks Investment Research lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. KeyCorp raised RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Tuesday, December 19th. ValuEngine lowered RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Deutsche Bank increased their target price on RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, SunTrust Banks reissued a “hold” rating on shares of RLJ Lodging Trust in a research note on Friday, March 2nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.27.

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About RLJ Lodging Trust

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 156 hotels with approximately 30,570 rooms, located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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