LSV Asset Management Has $17.16 Million Holdings in RLJ Lodging Trust (NYSE:RLJ)

LSV Asset Management decreased its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,463,700 shares of the real estate investment trust’s stock after selling 75,700 shares during the quarter. LSV Asset Management owned approximately 0.94% of RLJ Lodging Trust worth $17,155,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RLJ. Los Angeles Capital Management LLC acquired a new position in shares of RLJ Lodging Trust during the 4th quarter worth about $168,000. Victory Capital Management Inc. boosted its position in RLJ Lodging Trust by 21.7% during the fourth quarter. Victory Capital Management Inc. now owns 20,435 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 3,648 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in RLJ Lodging Trust in the fourth quarter valued at approximately $13,597,000. Russell Investments Group Ltd. increased its position in shares of RLJ Lodging Trust by 11.0% during the 4th quarter. Russell Investments Group Ltd. now owns 125,080 shares of the real estate investment trust’s stock worth $1,466,000 after purchasing an additional 12,348 shares during the last quarter. Finally, Alexander Randolph Advisory Inc. bought a new stake in shares of RLJ Lodging Trust during the 4th quarter worth approximately $5,381,000. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Price Performance

NYSE:RLJ opened at $10.70 on Tuesday. The company has a market cap of $1.67 billion, a P/E ratio of 38.21, a P/E/G ratio of 0.88 and a beta of 1.70. The firm’s fifty day moving average price is $11.60 and its two-hundred day moving average price is $11.26. RLJ Lodging Trust has a one year low of $9.06 and a one year high of $12.39. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.81 and a quick ratio of 2.81.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $319.70 million for the quarter, compared to analyst estimates of $313.34 million. RLJ Lodging Trust had a net margin of 5.29% and a return on equity of 3.53%. RLJ Lodging Trust’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 EPS. Equities analysts expect that RLJ Lodging Trust will post 1.55 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 annualized dividend and a yield of 3.74%. RLJ Lodging Trust’s payout ratio is currently 142.86%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RLJ shares. Oppenheimer raised their target price on shares of RLJ Lodging Trust from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. StockNews.com lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, Wolfe Research started coverage on shares of RLJ Lodging Trust in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $15.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, RLJ Lodging Trust presently has a consensus rating of “Hold” and an average price target of $13.90.

About RLJ Lodging Trust

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.