RLJ Lodging Trust (NYSE:RLJ) is Alexander Randolph Advisory Inc.’s 6th Largest Position

Alexander Randolph Advisory Inc. trimmed its stake in RLJ Lodging Trust (NYSE:RLJ) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 445,395 shares of the real estate investment trust’s stock after selling 10,160 shares during the quarter. RLJ Lodging Trust accounts for 4.2% of Alexander Randolph Advisory Inc.’s portfolio, making the stock its 6th biggest holding. Alexander Randolph Advisory Inc.’s holdings in RLJ Lodging Trust were worth $4,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of RLJ. Charles Schwab Investment Management Inc. boosted its stake in RLJ Lodging Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust’s stock worth $32,977,000 after purchasing an additional 170,484 shares in the last quarter. Barclays PLC raised its holdings in RLJ Lodging Trust by 97.4% in the third quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust’s stock worth $2,495,000 after buying an additional 134,093 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in RLJ Lodging Trust by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust’s stock worth $47,429,000 after buying an additional 240,254 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $355,000. Finally, Creative Planning bought a new stake in shares of RLJ Lodging Trust during the third quarter valued at approximately $275,000. 92.35% of the stock is owned by hedge funds and other institutional investors.

RLJ Lodging Trust Stock Down 2.3 %

RLJ stock opened at $9.36 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 2.87 and a beta of 1.68. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The business’s 50-day moving average is $9.90 and its two-hundred day moving average is $9.62. RLJ Lodging Trust has a fifty-two week low of $8.74 and a fifty-two week high of $12.39.

RLJ Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Tuesday, December 31st. RLJ Lodging Trust’s payout ratio is 206.90%.

Wall Street Analyst Weigh In

RLJ has been the topic of several analyst reports. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Oppenheimer increased their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Truist Financial decreased their target price 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. Finally, Wells Fargo & Company dropped their price target on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.79.

RLJ Lodging Trust Company 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.