Alexander Randolph Advisory Inc. Has $3.38 Million Stock Position in RLJ Lodging Trust (NYSE:RLJ)

Alexander Randolph Advisory Inc. lessened its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,895 shares of the real estate investment trust’s stock after selling 17,500 shares during the quarter. RLJ Lodging Trust accounts for about 3.3% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 9th largest position. Alexander Randolph Advisory Inc.’s holdings in RLJ Lodging Trust were worth $3,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Woodline Partners LP acquired a new position in RLJ Lodging Trust during the 4th quarter worth $9,714,000. Donald Smith & CO. Inc. lifted its holdings in RLJ Lodging Trust by 18.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 5,756,233 shares of the real estate investment trust’s stock worth $58,771,000 after buying an additional 901,111 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in RLJ Lodging Trust by 58.5% during the 4th quarter. Ameriprise Financial Inc. now owns 2,398,066 shares of the real estate investment trust’s stock worth $24,486,000 after buying an additional 885,071 shares in the last quarter. Invenomic Capital Management LP acquired a new position in RLJ Lodging Trust during the 4th quarter worth $9,036,000. Finally, Man Group plc lifted its stake in shares of RLJ Lodging Trust by 300.6% in the 4th quarter. Man Group plc now owns 712,904 shares of the real estate investment trust’s stock valued at $7,279,000 after purchasing an additional 534,938 shares during the period. Institutional investors own 92.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RLJ shares. Oppenheimer cut their price target on RLJ Lodging Trust from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company increased their target price on RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Tuesday, July 1st. Truist Financial decreased their price objective on RLJ Lodging Trust from $10.00 to $7.00 and set a “hold” rating for the company in a report on Monday, June 9th. Finally, Wall Street Zen cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, RLJ Lodging Trust has a consensus rating of “Hold” and a consensus target price of $9.40.

RLJ Lodging Trust Stock Down 3.4%

NYSE RLJ opened at $7.44 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.18. RLJ Lodging Trust has a 1-year low of $6.16 and a 1-year high of $10.84. The company has a 50 day moving average of $7.44 and a 200-day moving average of $8.10. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 28.62 and a beta of 1.47.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. RLJ Lodging Trust had a net margin of 4.84% and a return on equity of 3.43%. The business had revenue of $328.12 million during the quarter, compared to the consensus estimate of $328.08 million. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts expect that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.06%. RLJ Lodging Trust’s payout ratio is presently 230.77%.

RLJ Lodging Trust Company 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.