Penserra Capital Management LLC Acquires 1,663 Shares of RLJ Lodging Trust (NYSE:RLJ)

Penserra Capital Management LLC raised its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 62.5% in the third quarter, Holdings Channel.com reports. The firm owned 4,323 shares of the real estate investment trust’s stock after buying an additional 1,663 shares during the period. Penserra Capital Management LLC’s holdings in RLJ Lodging Trust were worth $73,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Trust Advisors LP raised its stake in shares of RLJ Lodging Trust by 38.7% in the first quarter. First Trust Advisors LP now owns 197,863 shares of the real estate investment trust’s stock worth $3,476,000 after purchasing an additional 55,224 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of RLJ Lodging Trust by 125.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 204,215 shares of the real estate investment trust’s stock worth $3,589,000 after purchasing an additional 113,786 shares during the last quarter. First Quadrant L P CA purchased a new stake in RLJ Lodging Trust in the second quarter valued at approximately $98,000. Quantitative Systematic Strategies LLC raised its stake in RLJ Lodging Trust by 70.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 58,619 shares of the real estate investment trust’s stock valued at $1,040,000 after purchasing an additional 24,273 shares in the last quarter. Finally, PGGM Investments lifted its position in RLJ Lodging Trust by 322.2% during the second quarter. PGGM Investments now owns 7,242,838 shares of the real estate investment trust’s stock valued at $128,488,000 after purchasing an additional 5,527,205 shares during the last quarter. 92.22% of the stock is owned by hedge funds and other institutional investors.

Shares of RLJ opened at $16.92 on Wednesday. RLJ Lodging Trust has a 1 year low of $15.65 and a 1 year high of $20.59. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.67 and a quick ratio of 4.67. The stock has a 50 day simple moving average of $16.78 and a two-hundred day simple moving average of $17.13. The firm has a market cap of $2.91 billion, a P/E ratio of 7.49, a P/E/G ratio of 1.74 and a beta of 1.28.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.29). The business had revenue of $371.12 million for the quarter, compared to analysts’ expectations of $371.81 million. RLJ Lodging Trust had a return on equity of 4.02% and a net margin of 7.44%. The company’s revenue was down 17.0% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. On average, equities analysts anticipate that RLJ Lodging Trust will post 1.96 earnings per share for the current year.

A number of brokerages have recently commented on RLJ. Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. Wells Fargo & Co dropped their price objective on shares of RLJ Lodging Trust from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, October 18th. ValuEngine lowered shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada set a $20.00 target price on RLJ Lodging Trust and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Barclays set a $20.00 price target on RLJ Lodging Trust and gave the company a “buy” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. RLJ Lodging Trust currently has an average rating of “Hold” and a consensus target price of $19.71.

RLJ Lodging Trust Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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

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