XTX Topco Ltd Takes Position in RLJ Lodging Trust (NYSE:RLJ)

XTX Topco Ltd bought a new stake in RLJ Lodging Trust (NYSE:RLJ) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,272 shares of the real estate investment trust’s stock, valued at approximately $539,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RLJ. Asset Management One Co. Ltd. increased its holdings in RLJ Lodging Trust by 0.8% during the first quarter. Asset Management One Co. Ltd. now owns 222,411 shares of the real estate investment trust’s stock worth $1,755,000 after buying an additional 1,762 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in RLJ Lodging Trust during the fourth quarter worth about $29,000. Versant Capital Management Inc increased its holdings in RLJ Lodging Trust by 402.7% during the first quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 2,944 shares during the last quarter. KBC Group NV purchased a new stake in RLJ Lodging Trust during the first quarter worth about $27,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in RLJ Lodging Trust by 1.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 364,659 shares of the real estate investment trust’s stock worth $2,877,000 after buying an additional 4,466 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 NYSE:RLJ opened at $7.33 on Thursday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $1.11 billion, a PE ratio of 28.17 and a beta of 1.54. RLJ Lodging Trust has a twelve month low of $6.16 and a twelve month high of $10.84. The company has a 50-day moving average price of $7.46 and a two-hundred day moving average price of $8.01.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $328.12 million during the quarter, compared to analyst estimates of $328.08 million. RLJ Lodging Trust had a net margin of 4.84% and a return on equity of 3.43%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. Equities analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Monday, June 30th. RLJ Lodging Trust’s dividend payout ratio (DPR) is 230.77%.

Analysts Set New Price Targets

RLJ has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of 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 shares of RLJ Lodging Trust from $10.00 to $7.00 and set a “hold” rating for the company in a report on Monday, June 9th. Wall Street Zen downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Finally, Oppenheimer cut their target price on shares of RLJ Lodging Trust from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.25.

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.