Alexander Randolph Advisory Inc. Trims Position in RLJ Lodging Trust (NYSE:RLJ)

Alexander Randolph Advisory Inc. lowered its stake in RLJ Lodging Trust (NYSE:RLJ) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 445,395 shares of the real estate investment trust’s stock after selling 10,160 shares during the quarter. RLJ Lodging Trust accounts for 4.2% of Alexander Randolph Advisory Inc.’s portfolio, making the stock its 6th biggest position. Alexander Randolph Advisory Inc. owned 0.29% of RLJ Lodging Trust worth $4,547,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in RLJ Lodging Trust by 0.5% during the 4th quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust’s stock valued at $2,888,000 after buying an additional 1,320 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of RLJ Lodging Trust by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,564 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of RLJ Lodging Trust by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 389,527 shares of the real estate investment trust’s stock valued at $3,576,000 after acquiring an additional 1,634 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of RLJ Lodging Trust by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 225,738 shares of the real estate investment trust’s stock worth $2,072,000 after purchasing an additional 1,755 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of RLJ Lodging Trust by 1.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 192,700 shares of the real estate investment trust’s stock worth $1,769,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Price Performance

Shares of RLJ stock opened at $9.36 on Friday. The business’s fifty day moving average is $9.90 and its 200 day moving average is $9.62. 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 stock has a market cap of $1.43 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 2.87 and a beta of 1.68. RLJ Lodging Trust has a twelve month low of $8.74 and a twelve month high of $12.39.

RLJ Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 6.41%. RLJ Lodging Trust’s payout ratio is 206.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RLJ shares. Wells Fargo & Company lowered their price target on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a research report on Tuesday, February 18th. Oppenheimer upped their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Truist Financial dropped their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, RLJ Lodging Trust has a consensus rating of “Hold” and an average price target of $10.79.

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.