Aegis Financial Corp Buys 727,608 Shares of RLJ Lodging Trust $RLJ

Aegis Financial Corp increased its stake in RLJ Lodging Trust (NYSE:RLJ) by 57.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,999,425 shares of the real estate investment trust’s stock after buying an additional 727,608 shares during the period. RLJ Lodging Trust accounts for about 2.5% of Aegis Financial Corp’s portfolio, making the stock its 15th largest position. Aegis Financial Corp’s holdings in RLJ Lodging Trust were worth $14,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in 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 valued at $25,000 after buying an additional 3,347 shares during the period. Daytona Street Capital LLC bought a new position in RLJ Lodging Trust in the 4th quarter worth about $28,000. PNC Financial Services Group Inc. increased its position in shares of RLJ Lodging Trust by 166.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,618 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,887 shares during the period. Danske Bank A S purchased a new position in shares of RLJ Lodging Trust during the third quarter worth approximately $50,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $51,000. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Performance

Shares of RLJ Lodging Trust stock opened at $12.34 on Thursday. RLJ Lodging Trust has a one year low of $6.54 and a one year high of $12.46. The company has a market capitalization of $1.87 billion, a PE ratio of -1,233.50 and a beta of 1.09. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.89 and a current ratio of 2.89. The company has a 50-day simple moving average of $10.87 and a two-hundred day simple moving average of $8.94.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $339.98 million during the quarter, compared to analyst estimates of $323.51 million. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. RLJ Lodging Trust’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. Research analysts expect that RLJ Lodging Trust will post 1.26 EPS for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, June 30th. RLJ Lodging Trust’s payout ratio is currently -6,000.00%.

Wall Street Analyst Weigh In

RLJ has been the topic of a number of recent research reports. LADENBURG THALM/SH SH increased their price target on RLJ Lodging Trust from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Truist Financial upped their price objective on shares of RLJ Lodging Trust from $7.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, June 12th. Weiss Ratings raised shares of RLJ Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. UBS Group set a $13.00 price target on shares of RLJ Lodging Trust in a report on Thursday, June 18th. Finally, Bank of America lifted their price objective on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the company an “underperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, RLJ Lodging Trust currently has an average rating of “Hold” and an average target price of $10.61.

About RLJ Lodging Trust

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.