Ameritas Investment Partners Inc. held its stake in RLJ Lodging Trust (NYSE:RLJ) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,534 shares of the real estate investment trust’s stock at the end of the second quarter. Ameritas Investment Partners Inc.’s holdings in RLJ Lodging Trust were worth $209,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of RLJ Lodging Trust by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 20,084,086 shares of the real estate investment trust’s stock worth $399,071,000 after buying an additional 300,010 shares during the last quarter. BlackRock Inc. raised its holdings in shares of RLJ Lodging Trust by 7.5% in the 2nd quarter. BlackRock Inc. now owns 12,256,164 shares of the real estate investment trust’s stock worth $243,529,000 after purchasing an additional 856,636 shares during the period. Lasalle Investment Management Securities LLC raised its holdings in shares of RLJ Lodging Trust by 6.6% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 7,289,174 shares of the real estate investment trust’s stock worth $144,836,000 after purchasing an additional 451,443 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of RLJ Lodging Trust by 6.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,743,188 shares of the real estate investment trust’s stock worth $114,117,000 after purchasing an additional 331,184 shares during the period. Finally, State Street Corp raised its holdings in shares of RLJ Lodging Trust by 2.4% in the 2nd quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock worth $96,267,000 after purchasing an additional 111,681 shares during the period.
Shares of RLJ Lodging Trust (RLJ) opened at 21.66 on Wednesday. RLJ Lodging Trust has a one year low of $18.92 and a one year high of $25.10. The firm’s 50-day moving average is $21.90 and its 200-day moving average is $21.02. The company has a market cap of $2.68 billion, a PE ratio of 14.94 and a beta of 1.17.
RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $292.28 million for the quarter, compared to analysts’ expectations of $293.16 million. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.16%. The company’s revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 EPS. On average, equities analysts anticipate that RLJ Lodging Trust will post $0.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, September 28th. RLJ Lodging Trust’s dividend payout ratio is presently 30.34%.
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RLJ has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $25.00 price target on shares of RLJ Lodging Trust in a report on Friday, August 4th. Barclays PLC initiated coverage on shares of RLJ Lodging Trust in a report on Friday, October 6th. They issued an “equal weight” rating and a $24.00 price target on the stock. BidaskClub cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Deutsche Bank AG initiated coverage on shares of RLJ Lodging Trust in a report on Tuesday, September 19th. They issued a “hold” rating and a $22.00 price target on the stock. Finally, ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.00.
In other RLJ Lodging Trust news, Director Forgia Robert M. La purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average price of $19.73 per share, for a total transaction of $98,650.00. Following the purchase, the director now directly owns 37,528 shares of the company’s stock, valued at approximately $740,427.44. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nathaniel A. Davis sold 10,000 shares of RLJ Lodging Trust stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $20.11, for a total transaction of $201,100.00. Following the transaction, the director now owns 72,928 shares in the company, valued at approximately $1,466,582.08. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
RLJ Lodging Trust 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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