Russell Investments Group Ltd. Increases Stake in RLJ Lodging Trust (RLJ)

Russell Investments Group Ltd. raised its stake in RLJ Lodging Trust (NYSE:RLJ) by 63.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 394,647 shares of the real estate investment trust’s stock after buying an additional 153,173 shares during the period. Russell Investments Group Ltd. owned 0.32% of RLJ Lodging Trust worth $7,842,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RLJ. Bronfman E.L. Rothschild L.P. boosted its position in shares of RLJ Lodging Trust by 385.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,657 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 3,697 shares in the last quarter. James Investment Research Inc. acquired a new position in shares of RLJ Lodging Trust during the first quarter valued at $144,000. SG Americas Securities LLC boosted its position in shares of RLJ Lodging Trust by 8.0% in the first quarter. SG Americas Securities LLC now owns 8,332 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 615 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of RLJ Lodging Trust by 41.4% in the first quarter. Daiwa Securities Group Inc. now owns 9,900 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 2,900 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of RLJ Lodging Trust by 0.9% in the first quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 100 shares in the last quarter. 99.88% of the stock is owned by institutional investors.

RLJ Lodging Trust (NYSE:RLJ) traded up 0.025% during midday trading on Friday, hitting $19.705. The stock had a trading volume of 821,225 shares. RLJ Lodging Trust has a 1-year low of $18.92 and a 1-year high of $25.10. The stock has a market capitalization of $2.44 billion, a PE ratio of 13.590 and a beta of 1.16. The stock’s 50-day moving average is $20.30 and its 200-day moving average is $21.66.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The business had revenue of $292.28 million during the quarter, compared to the consensus estimate of $293.16 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. RLJ Lodging Trust’s revenue was down 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that RLJ Lodging Trust will post $0.98 EPS for the current fiscal year.

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Several equities analysts have recently weighed in on RLJ shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $25.00 price target on shares of RLJ Lodging Trust in a research note on Friday, August 4th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $28.00 price target (up from $26.00) on shares of RLJ Lodging Trust in a research note on Monday, June 5th. ValuEngine cut shares of RLJ Lodging Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Canaccord Genuity reaffirmed a “hold” rating and set a $21.00 price target on shares of RLJ Lodging Trust in a research note on Monday, August 7th. Finally, Zacks Investment Research raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.38.

RLJ Lodging Trust Company Profile

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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Institutional Ownership by Quarter for RLJ Lodging Trust (NYSE:RLJ)

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