Thrivent Financial for Lutherans Purchases Shares of 428,380 RLJ Lodging Trust (NYSE:RLJ)
Thrivent Financial for Lutherans acquired a new position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 428,380 shares of the real estate investment trust's stock, valued at approximately $4,374,000. Thrivent Financial for Lutherans owned about 0.28% of RLJ Lodging Trust at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in RLJ Lodging Trust by 5.0% during 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 acquiring an additional 170,484 shares in the last quarter. Barclays PLC grew its holdings in shares of RLJ Lodging Trust by 97.4% during the third quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust's stock worth $2,495,000 after purchasing an additional 134,093 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of RLJ Lodging Trust by 7.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,331,818 shares of the real estate investment trust's stock worth $34,018,000 after purchasing an additional 232,393 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of RLJ Lodging Trust in the 4th quarter valued at about $277,000. Finally, JPMorgan Chase & Co. boosted its position in shares of RLJ Lodging Trust by 4.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust's stock valued at $47,429,000 after purchasing an additional 240,254 shares during the period. Hedge funds and other institutional investors own 92.35% of the company's stock.
Shares of NYSE:RLJ opened at $8.38 on Wednesday. RLJ Lodging Trust has a 52 week low of $8.26 and a 52 week high of $11.99. The company has a 50-day moving average price of $9.43 and a 200 day moving average price of $9.59. The company has a market cap of $1.27 billion, a P/E ratio of 28.90, a PEG ratio of 2.87 and a beta of 1.69. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14.
RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.36. The business had revenue of $329.99 million during the quarter, compared to analysts' expectations of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. Research analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.16%. RLJ Lodging Trust's dividend payout ratio is presently 222.22%.
Several research firms have commented on RLJ. StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Truist Financial downgraded shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and reduced their price target for the company from $11.00 to $10.00 in a research report on Friday, March 21st. Wells Fargo & Company dropped their price objective on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a research note on Tuesday, February 18th. Finally, KeyCorp decreased their target price on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, RLJ Lodging Trust presently has an average rating of "Hold" and a consensus price target of $10.82.
View Our Latest Stock Analysis on 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.
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