Dimensional Fund Advisors LP decreased its stake in RLJ Lodging Trust (NYSE:RLJ) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,716,718 shares of the real estate investment trust’s stock after selling 9,238 shares during the period. Dimensional Fund Advisors LP owned approximately 1.39% of RLJ Lodging Trust worth $42,041,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in RLJ. Quantbot Technologies LP acquired a new stake in RLJ Lodging Trust during the third quarter valued at $112,000. Kemper Corp Master Retirement Trust boosted its stake in RLJ Lodging Trust by 1.3% in the third quarter. Kemper Corp Master Retirement Trust now owns 6,000 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 75 shares during the last quarter. Acadian Asset Management LLC boosted its stake in RLJ Lodging Trust by 3,206.5% in the third quarter. Acadian Asset Management LLC now owns 6,580 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 6,381 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in RLJ Lodging Trust during the third quarter valued at $191,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in RLJ Lodging Trust by 18.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 9,700 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 1,500 shares during the last quarter.
Shares of RLJ Lodging Trust (NYSE:RLJ) traded down 0.84% during mid-day trading on Friday, reaching $23.60. 515,457 shares of the company’s stock were exchanged. RLJ Lodging Trust has a one year low of $18.86 and a one year high of $25.10. The stock has a market cap of $2.92 billion, a PE ratio of 14.66 and a beta of 1.14. The company has a 50 day moving average price of $22.94 and a 200-day moving average price of $22.74.
RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.40. RLJ Lodging Trust had a net margin of 17.07% and a return on equity of 9.15%. The firm had revenue of $271.45 million for the quarter, compared to the consensus estimate of $268.79 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts predict that RLJ Lodging Trust will post $1.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date was Wednesday, March 29th. RLJ Lodging Trust’s payout ratio is currently 83.02%.
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RLJ has been the subject of several recent analyst reports. Royal Bank of Canada restated a “buy” rating and set a $27.00 target price on shares of RLJ Lodging Trust in a research note on Tuesday, January 3rd. Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, January 5th. Canaccord Genuity reiterated a “hold” rating and set a $23.00 price target on shares of RLJ Lodging Trust in a report on Wednesday, January 4th. Barclays PLC set a $23.00 price target on shares of RLJ Lodging Trust and gave the stock a “sell” rating in a report on Tuesday, February 14th. Finally, Boenning Scattergood reiterated an “underperform” rating and set a $21.00 price target on shares of RLJ Lodging Trust in a report on Tuesday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.18.
About RLJ Lodging Trust
RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.
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