Jump Financial LLC Makes New $747,000 Investment in RLJ Lodging Trust (NYSE:RLJ)

Jump Financial LLC purchased a new stake in RLJ Lodging Trust (NYSE:RLJFree Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 76,300 shares of the real estate investment trust’s stock, valued at approximately $747,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Shell Asset Management Co. lifted its position in shares of RLJ Lodging Trust by 10.5% in the 2nd quarter. Shell Asset Management Co. now owns 30,743 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 2,924 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of RLJ Lodging Trust by 53.0% during the second quarter. Oppenheimer & Co. Inc. now owns 101,075 shares of the real estate investment trust’s stock valued at $1,038,000 after purchasing an additional 35,030 shares during the period. abrdn plc raised its stake in shares of RLJ Lodging Trust by 9.1% during the second quarter. abrdn plc now owns 31,794 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 2,640 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in RLJ Lodging Trust by 1.4% in the third quarter. Teacher Retirement System of Texas now owns 87,008 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 1,214 shares during the period. Finally, Wolverine Asset Management LLC grew its position in RLJ Lodging Trust by 363.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 23,746 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 18,617 shares in the last quarter. 93.77% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Price Performance

Shares of NYSE:RLJ opened at $11.51 on Thursday. The stock has a market capitalization of $1.79 billion, a P/E ratio of 37.13, a P/E/G ratio of 0.87 and a beta of 1.72. The business has a 50-day moving average of $11.53 and a two-hundred day moving average of $10.47. RLJ Lodging Trust has a fifty-two week low of $9.06 and a fifty-two week high of $12.42. The company has a debt-to-equity ratio of 1.10, a current ratio of 3.59 and a quick ratio of 3.59.

RLJ Lodging Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.10 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.40 annualized dividend and a yield of 3.48%. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 129.03%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RLJ shares. Wells Fargo & Company increased their price target on RLJ Lodging Trust from $11.00 to $12.50 and gave the company an “equal weight” rating in a research note on Friday, December 22nd. StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Wolfe Research started coverage on RLJ Lodging Trust in a research report on Wednesday, January 10th. They set an “outperform” rating and a $15.00 price objective for the company. Truist Financial lifted their target price on RLJ Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Finally, Oppenheimer increased their price target on shares of RLJ Lodging Trust from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.70.

Read Our Latest Report on RLJ

Insiders Place Their Bets

In other news, Director Nathaniel A. Davis sold 39,594 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $9.87, for a total value of $390,792.78. Following the completion of the sale, the director now directly owns 43,423 shares in the company, valued at $428,585.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Nathaniel A. Davis sold 39,594 shares of RLJ Lodging Trust stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $9.87, for a total transaction of $390,792.78. Following the sale, the director now directly owns 43,423 shares of the company’s stock, valued at $428,585.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Arthur Reginald Collins sold 25,000 shares of RLJ Lodging Trust stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $11.92, for a total value of $298,000.00. Following the sale, the director now directly owns 30,758 shares in the company, valued at $366,635.36. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

RLJ Lodging Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RLJ Lodging Trust (NYSE:RLJ)

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