RLJ Lodging Trust $RLJ Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC decreased its holdings in RLJ Lodging Trust (NYSE:RLJ) by 41.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 299,649 shares of the real estate investment trust’s stock after selling 214,606 shares during the quarter. Wolverine Asset Management LLC owned 0.20% of RLJ Lodging Trust worth $2,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of RLJ Lodging Trust by 2,721.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 3,347 shares in the last quarter. KBC Group NV grew its stake 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 worth $38,000 after buying an additional 1,870 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of RLJ Lodging Trust during the 2nd quarter valued at about $76,000. Captrust Financial Advisors purchased a new position in shares of RLJ Lodging Trust in the second quarter valued at $93,000. Finally, Belvedere Trading LLC acquired a new stake in RLJ Lodging Trust during the 2nd quarter valued at approximately $125,000. Institutional investors and hedge funds own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RLJ shares. Weiss Ratings reissued a “sell (d)” rating on shares of RLJ Lodging Trust in a report on Monday, December 29th. Zacks Research raised RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Baird R W cut shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Raymond James Financial raised shares of 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 research note on Wednesday, November 12th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $7.50 price objective (down from $9.00) on shares of RLJ Lodging Trust in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, RLJ Lodging Trust has a consensus rating of “Hold” and a consensus price target of $8.64.

Insider Activity at RLJ Lodging Trust

In other RLJ Lodging Trust news, Director Robin Mcbride Zeigler sold 13,413 shares of RLJ Lodging Trust stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $7.51, for a total value of $100,731.63. Following the transaction, the director directly owned 37,159 shares of the company’s stock, valued at $279,064.09. The trade was a 26.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

RLJ Lodging Trust Stock Up 0.2%

RLJ stock opened at $7.67 on Friday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.21. RLJ Lodging Trust has a 52 week low of $6.16 and a 52 week high of $10.24. The company has a market cap of $1.16 billion, a PE ratio of 153.30 and a beta of 1.13. The business has a 50-day simple moving average of $7.56 and a 200 day simple moving average of $7.43.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $330.05 million for the quarter, compared to the consensus estimate of $326.13 million. RLJ Lodging Trust had a return on equity of 1.78% and a net margin of 2.48%.RLJ Lodging Trust’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. Sell-side analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Wednesday, December 31st. RLJ Lodging Trust’s payout ratio is currently 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.