RLJ Lodging Trust (NYSE:RLJ) Position Trimmed by Wolverine Asset Management LLC

Wolverine Asset Management LLC trimmed its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 56.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,301 shares of the real estate investment trust’s stock after selling 25,505 shares during the period. Wolverine Asset Management LLC’s holdings in RLJ Lodging Trust were worth $197,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State Street Corp raised its stake in RLJ Lodging Trust by 4.8% during the third quarter. State Street Corp now owns 7,397,290 shares of the real estate investment trust’s stock worth $68,999,000 after acquiring an additional 340,271 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of RLJ Lodging Trust by 4.9% during the third 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 last quarter. Donald Smith & CO. Inc. raised its position in shares of RLJ Lodging Trust by 46.6% during the 3rd quarter. Donald Smith & CO. Inc. now owns 4,855,122 shares of the real estate investment trust’s stock worth $44,570,000 after purchasing an additional 1,543,848 shares during the period. Geode Capital Management LLC lifted its holdings in shares of RLJ Lodging Trust by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,930,177 shares of the real estate investment trust’s stock worth $36,085,000 after purchasing an additional 44,121 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 valued at $32,977,000 after purchasing an additional 170,484 shares during the period. 92.35% of the stock is currently owned by institutional investors.

RLJ Lodging Trust Stock Down 2.3 %

NYSE RLJ opened at $9.36 on Monday. RLJ Lodging Trust has a 12 month low of $8.74 and a 12 month high of $12.39. The company has a market capitalization of $1.43 billion, a P/E ratio of 32.27, a PEG ratio of 2.87 and a beta of 1.68. The company’s 50 day simple moving average is $9.90 and its 200 day simple moving average is $9.63. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.41%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 206.90%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. 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 research note on Tuesday, February 18th. Oppenheimer boosted their price target on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Truist Financial decreased their price objective on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus 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.