RLJ Lodging Trust (NYSE:RLJ) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 192,700 shares of the real estate investment trust’s stock after acquiring an additional 2,500 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.13% of RLJ Lodging Trust worth $1,769,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in RLJ Lodging Trust by 197.3% during the 2nd quarter. Quarry LP now owns 5,465 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 3,627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in RLJ Lodging Trust by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 1,564 shares in the last quarter. Ground Swell Capital LLC bought a new position in RLJ Lodging Trust during the third quarter valued at about $93,000. Aigen Investment Management LP acquired a new position in RLJ Lodging Trust during the third quarter worth about $107,000. Finally, Metis Global Partners LLC raised its position in RLJ Lodging Trust by 31.0% in the third quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 3,738 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

RLJ has been the topic of several recent research reports. Wells Fargo & Company lifted their price objective on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an “underweight” rating in a research note 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 Friday, December 6th. Truist Financial cut their price objective on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Wolfe Research cut RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. Finally, Oppenheimer upped their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.50.

RLJ Lodging Trust Stock Performance

Shares of RLJ Lodging Trust stock opened at $10.36 on Friday. RLJ Lodging Trust has a 12 month low of $8.74 and a 12 month high of $12.39. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1.59 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 2.35 and a beta of 1.72. The business has a fifty day simple moving average of $9.62 and a 200-day simple moving average of $9.51.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.23). The business had revenue of $345.74 million for the quarter, compared to analyst estimates of $342.93 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. On average, sell-side analysts anticipate that RLJ Lodging Trust will post 1.34 EPS for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.79%. RLJ Lodging Trust’s dividend payout ratio is presently 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.