Sumitomo Mitsui DS Asset Management Company Ltd Acquires 10,643 Shares of RLJ Lodging Trust (NYSE:RLJ)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in RLJ Lodging Trust (NYSE:RLJ) by 44.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,775 shares of the real estate investment trust’s stock after buying an additional 10,643 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in RLJ Lodging Trust were worth $355,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of RLJ Lodging Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust’s stock worth $32,977,000 after purchasing an additional 170,484 shares during the last quarter. Barclays PLC grew its holdings in RLJ Lodging Trust by 97.4% during the 3rd quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust’s stock worth $2,495,000 after acquiring an additional 134,093 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in RLJ Lodging Trust by 4.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust’s stock worth $47,429,000 after acquiring an additional 240,254 shares during the last quarter. Inspire Investing LLC grew its holdings in RLJ Lodging Trust by 22.3% during the 3rd quarter. Inspire Investing LLC now owns 44,682 shares of the real estate investment trust’s stock worth $410,000 after acquiring an additional 8,136 shares during the last quarter. Finally, Creative Planning bought a new stake in RLJ Lodging Trust during the 3rd quarter worth about $275,000. Institutional investors own 92.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on RLJ. Oppenheimer increased their price objective on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company upped their target price on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the company an “underweight” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Truist Financial cut their target price on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, RLJ Lodging Trust presently has a consensus rating of “Hold” and an average target price of $10.92.

RLJ Lodging Trust Stock Performance

Shares of NYSE:RLJ opened at $9.52 on Thursday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 32.83 and a beta of 1.68. The firm’s 50 day simple moving average is $10.03 and its 200 day simple moving average is $9.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. RLJ Lodging Trust has a fifty-two week low of $8.74 and a fifty-two week high of $12.39.

RLJ Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.30%. RLJ Lodging Trust’s dividend payout ratio is 206.90%.

RLJ Lodging Trust Profile

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.