Dupont Capital Management Corp raised its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 1,642.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 216,164 shares of the real estate investment trust’s stock after acquiring an additional 203,761 shares during the period. Dupont Capital Management Corp owned approximately 0.17% of RLJ Lodging Trust worth $4,756,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC lifted its stake in RLJ Lodging Trust by 3.1% during the 1st quarter. Teachers Advisors LLC now owns 1,002,758 shares of the real estate investment trust’s stock valued at $23,575,000 after acquiring an additional 30,140 shares during the period. Citigroup Inc. lifted its stake in RLJ Lodging Trust by 14.6% during the 2nd quarter. Citigroup Inc. now owns 290,875 shares of the real estate investment trust’s stock valued at $5,780,000 after acquiring an additional 36,958 shares during the period. Aperio Group LLC lifted its stake in RLJ Lodging Trust by 5.8% during the 2nd quarter. Aperio Group LLC now owns 18,319 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 1,009 shares during the period. Cim Investment Mangement Inc. increased its position in shares of RLJ Lodging Trust by 53.9% during the 2nd quarter. Cim Investment Mangement Inc. now owns 37,410 shares of the real estate investment trust’s stock valued at $743,000 after purchasing an additional 13,105 shares during the last quarter. Finally, Systematic Financial Management LP increased its position in shares of RLJ Lodging Trust by 10.6% during the 2nd quarter. Systematic Financial Management LP now owns 81,275 shares of the real estate investment trust’s stock valued at $1,615,000 after purchasing an additional 7,760 shares during the last quarter.
Several equities research analysts have recently commented on the stock. SunTrust Banks, Inc. assumed coverage on shares of RLJ Lodging Trust in a research report on Thursday, October 19th. They set a “hold” rating and a $22.00 price target for the company. ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Barclays PLC assumed coverage on shares of RLJ Lodging Trust in a research report on Friday, October 6th. They set an “equal weight” rating and a $24.00 price target for the company. Robert W. Baird reaffirmed a “hold” rating and set a $23.00 price target on shares of RLJ Lodging Trust in a research report on Thursday, September 21st. Finally, Deutsche Bank AG assumed coverage on shares of RLJ Lodging Trust in a research report on Tuesday, September 19th. They set a “hold” rating and a $22.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.00.
In related news, Director Nathaniel A. Davis sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total value of $201,100.00. Following the completion of the sale, the director now directly owns 72,928 shares of the company’s stock, valued at approximately $1,466,582.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Forgia Robert M. La bought 5,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $19.73 per share, with a total value of $98,650.00. Following the completion of the acquisition, the director now directly owns 37,528 shares in the company, valued at approximately $740,427.44. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.
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Shares of RLJ Lodging Trust (RLJ) opened at $21.63 on Friday. The stock has a market cap of $2,695.94, a P/E ratio of 8.58, a P/E/G ratio of 1.89 and a beta of 1.14. RLJ Lodging Trust has a fifty-two week low of $18.92 and a fifty-two week high of $25.10. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.71.
RLJ Lodging Trust (NYSE:RLJ) last released its 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. The company had revenue of $292.28 million during the quarter, compared to analyst estimates of $293.16 million. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.16%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. analysts predict that RLJ Lodging Trust will post 2.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.03%. The ex-dividend date was Thursday, September 28th. RLJ Lodging Trust’s dividend payout ratio is 30.34%.
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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