Denali Advisors LLC Acquires New Shares in RLJ Lodging Trust $RLJ

Denali Advisors LLC bought a new position in shares of RLJ Lodging Trust (NYSE:RLJ) during the 3rd quarter, HoldingsChannel reports. The firm bought 198,900 shares of the real estate investment trust’s stock, valued at approximately $1,432,000.

Several other large investors have also modified their holdings of RLJ. EverSource Wealth Advisors LLC lifted its position in shares of RLJ Lodging Trust by 2,721.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 3,347 shares during the period. KBC Group NV increased its holdings in RLJ Lodging Trust by 55.2% during the second quarter. KBC Group NV now owns 5,258 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,870 shares during the period. State of Wyoming raised its stake in RLJ Lodging Trust by 23.6% in the third quarter. State of Wyoming now owns 9,120 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 1,741 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in RLJ Lodging Trust during the second quarter worth $76,000. Finally, Captrust Financial Advisors purchased a new stake in RLJ Lodging Trust during the second quarter worth $93,000. Institutional investors own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

RLJ has been the topic of a number of analyst reports. Raymond James Financial upgraded RLJ Lodging Trust from a “market perform” rating to a “strong-buy” rating and set a $9.00 price target on the stock in a report on Wednesday, November 12th. Barclays initiated coverage on RLJ Lodging Trust in a research report on Tuesday, January 6th. They set an “underweight” rating and a $6.00 price objective on the stock. Zacks Research upgraded shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of RLJ Lodging Trust in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.64.

Insider Activity at RLJ Lodging Trust

In related news, Director Robin Mcbride Zeigler sold 13,413 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $7.51, for a total value of $100,731.63. Following the completion of the transaction, the director directly owned 37,159 shares of the company’s stock, valued at $279,064.09. This trade represents a 26.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by insiders.

RLJ Lodging Trust Stock Up 1.0%

Shares of RLJ stock opened at $8.31 on Tuesday. The stock’s fifty day moving average price is $7.71 and its 200 day moving average price is $7.45. RLJ Lodging Trust has a 1-year low of $6.16 and a 1-year high of $9.81. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 166.10 and a beta of 1.12. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.55 and a quick ratio of 2.55.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 7.2%. RLJ Lodging Trust’s dividend payout ratio is 1,200.00%.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.