Cubist Systematic Strategies LLC acquired a new position in RLJ Lodging Trust (NYSE:RLJ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,265 shares of the real estate investment trust’s stock, valued at approximately $820,000.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of RLJ Lodging Trust by 8.0% during 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 acquiring an additional 615 shares during the period. Paragon Capital Management Ltd acquired a new position in shares of RLJ Lodging Trust during the second quarter valued at $208,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of RLJ Lodging Trust during the second quarter valued at $214,000. Denver Investment Advisors LLC lifted its stake in shares of RLJ Lodging Trust by 0.9% during the second quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 100 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of RLJ Lodging Trust by 13.1% during the second quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 1,300 shares during the period. 99.24% of the stock is currently owned by institutional investors.
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In other RLJ Lodging Trust news, Director Forgia Robert M. La acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were bought at an average cost of $19.73 per share, with a total value of $98,650.00. Following the purchase, the director now directly owns 37,528 shares of the company’s stock, valued at $740,427.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nathaniel A. Davis sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 72,928 shares in the company, valued at $1,466,582.08. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
RLJ Lodging Trust (NYSE:RLJ) opened at 22.38 on Tuesday. The firm has a 50-day moving average price of $21.45 and a 200 day moving average price of $21.12. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 15.43 and a beta of 1.17. RLJ Lodging Trust has a 1-year low of $18.92 and a 1-year high of $25.10.
RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The firm had revenue of $292.28 million for the quarter, compared to the consensus estimate of $293.16 million. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. Equities analysts predict that RLJ Lodging Trust will post $1.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, September 28th. RLJ Lodging Trust’s payout ratio is presently 30.34%.
Several brokerages have recently issued reports on RLJ. 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. Boenning Scattergood set a $20.00 price target on RLJ Lodging Trust and gave the company a “sell” rating in a research note on Monday, August 7th. 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. Zacks Investment Research raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, BidaskClub lowered RLJ Lodging Trust from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.18.
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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