ExodusPoint Capital Management LP Has $13.83 Million Stake in RLJ Lodging Trust (NYSE:RLJ)

ExodusPoint Capital Management LP boosted its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 27.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,354,062 shares of the real estate investment trust’s stock after acquiring an additional 294,773 shares during the quarter. ExodusPoint Capital Management LP’s holdings in RLJ Lodging Trust were worth $13,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Clearbridge Investments LLC boosted its position in shares of RLJ Lodging Trust by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 1,315,588 shares of the real estate investment trust’s stock valued at $13,432,000 after acquiring an additional 4,258 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in RLJ Lodging Trust by 5.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 203,100 shares of the real estate investment trust’s stock valued at $2,074,000 after purchasing an additional 10,400 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of RLJ Lodging Trust in the 4th quarter valued at approximately $1,038,000. Norges Bank acquired a new position in shares of RLJ Lodging Trust in the 4th quarter worth approximately $5,426,000. Finally, EntryPoint Capital LLC lifted its position in shares of RLJ Lodging Trust by 23.8% during the 4th quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 2,624 shares during the period. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Price Performance

RLJ Lodging Trust stock opened at $7.14 on Friday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 2.87 and a beta of 1.69. RLJ Lodging Trust has a 12-month low of $6.99 and a 12-month high of $11.99. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The business’s 50-day simple moving average is $9.15 and its 200 day simple moving average is $9.53.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The company had revenue of $329.99 million during the quarter, compared to analysts’ expectations of $324.66 million. As a group, research analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.15 per share. 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 8.41%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 222.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RLJ. KeyCorp lowered their price target on RLJ Lodging Trust from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company lowered their target price 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. Truist Financial downgraded shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $11.00 to $10.00 in a report on Friday, March 21st. Finally, StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.82.

Insider Buying and Selling at RLJ Lodging Trust

In other news, Director Patricia L. Gibson acquired 10,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average price of $8.03 per share, with a total value of $80,300.00. Following the purchase, the director now directly owns 124,217 shares of the company’s stock, valued at $997,462.51. The trade was a 8.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

RLJ Lodging Trust 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.