Principal Financial Group significantly increased its stake in RLJ Lodging Trust, acquiring an additional 191,377 shares to own 201,603 shares worth $1.45 million. While RLJ Lodging offers a 7.2% dividend yield, its 1,200% payout ratio raises concerns about sustainability. The stock trades around $8.29, and analysts have a mixed “Hold” consensus rating with an average $8.64 price target, indicating cautious optimism.
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RLJ Lodging Trust $RLJ Holdings Lifted by Principal Financial Group Inc.
Principal Financial Group significantly increased its stake in RLJ Lodging Trust, acquiring an additional 191,377 shares to own 201,603 shares worth $1.45 million. While RLJ Lodging offers a 7.2% dividend yield, its 1,200% payout ratio raises concerns about sustainability. The stock trades around $8.29, and analysts have a mixed “Hold” consensus rating with an average $8.64 price target, indicating cautious optimism.