RLJ Lodging Trust $RLJ Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in RLJ Lodging Trust (NYSE:RLJ) by 69.3% in the first quarter, Holdings Channel.com reports. The fund owned 73,953 shares of the real estate investment trust’s stock after selling 166,603 shares during the period. SG Americas Securities LLC’s holdings in RLJ Lodging Trust were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in RLJ. Amundi boosted its holdings in RLJ Lodging Trust by 12.3% in the first quarter. Amundi now owns 90,874 shares of the real estate investment trust’s stock worth $717,000 after purchasing an additional 9,983 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of RLJ Lodging Trust by 11.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 993,552 shares of the real estate investment trust’s stock worth $7,839,000 after purchasing an additional 103,065 shares during the period. Norges Bank bought a new position in shares of RLJ Lodging Trust in the 2nd quarter worth about $1,248,000. Invesco Ltd. lifted its position in shares of RLJ Lodging Trust by 47.5% in the 2nd quarter. Invesco Ltd. now owns 1,634,179 shares of the real estate investment trust’s stock worth $11,897,000 after buying an additional 526,172 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of RLJ Lodging Trust by 2,721.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 3,347 shares during the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RLJ. Barclays boosted their price objective on shares of RLJ Lodging Trust from $6.00 to $9.00 and gave the company an “underweight” rating in a research report on Monday, June 1st. Oppenheimer reissued an “outperform” rating and issued a $13.00 target price (up from $10.00) on shares of RLJ Lodging Trust in a report on Thursday, June 18th. UBS Group set a $13.00 target price on RLJ Lodging Trust in a research note on Thursday, June 18th. Truist Financial upped their target price on RLJ Lodging Trust from $7.00 to $10.00 and gave the company a “hold” rating in a report on Friday, June 12th. Finally, LADENBURG THALM/SH SH increased their price target on RLJ Lodging Trust from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.56.

RLJ Lodging Trust Stock Down 2.0%

RLJ Lodging Trust stock opened at $11.40 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.89 and a current ratio of 2.89. RLJ Lodging Trust has a one year low of $6.54 and a one year high of $12.03. The company has a 50-day simple moving average of $10.19 and a 200-day simple moving average of $8.62. The firm has a market capitalization of $1.73 billion, a P/E ratio of -1,140.30 and a beta of 1.09.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $339.98 million for the quarter, compared to the consensus estimate of $323.51 million. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. RLJ Lodging Trust’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.31 EPS. As a group, equities analysts expect that RLJ Lodging Trust will post 1.26 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 30th. RLJ Lodging Trust’s payout ratio is -6,000.00%.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.