Thompson Siegel & Walmsley LLC bought a new position in shares of RLJ Lodging Trust (NYSE:RLJ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 835,635 shares of the real estate investment trust’s stock, valued at approximately $18,384,000. Thompson Siegel & Walmsley LLC owned 0.67% of RLJ Lodging Trust at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RLJ. Principal Financial Group Inc. boosted its stake in RLJ Lodging Trust by 29.5% in the 1st quarter. Principal Financial Group Inc. now owns 21,644 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 4,935 shares during the period. New York State Teachers Retirement System boosted its stake in RLJ Lodging Trust by 0.9% in the 1st 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 purchasing an additional 100 shares during the period. NN Investment Partners Holdings N.V. lifted its position in shares of RLJ Lodging Trust by 8.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 32,095 shares of the real estate investment trust’s stock valued at $638,000 after acquiring an additional 2,435 shares during the period. Aperio Group LLC lifted its position in shares of 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. Finally, Forsta AP Fonden lifted its position in shares of RLJ Lodging Trust by 189.6% during the 2nd quarter. Forsta AP Fonden now owns 53,000 shares of the real estate investment trust’s stock valued at $1,053,000 after acquiring an additional 34,700 shares during the period. Institutional investors and hedge funds own 95.22% of the company’s stock.
Shares of RLJ Lodging Trust (NYSE RLJ) traded up $0.38 during trading hours on Thursday, reaching $21.74. The company’s stock had a trading volume of 1,766,266 shares, compared to its average volume of 1,539,005. The company has a market capitalization of $3,762.31, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.86 and a beta of 1.13. RLJ Lodging Trust has a 1-year low of $19.12 and a 1-year high of $25.10. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.90.
RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The company had revenue of $341.26 million during the quarter, compared to the consensus estimate of $347.74 million. During the same period last year, the business posted $0.69 earnings per share. RLJ Lodging Trust’s revenue was up 15.2% on a year-over-year basis. equities research analysts expect that RLJ Lodging Trust will post 2.31 earnings per share for the current year.
A number of research firms have recently weighed in on RLJ. ValuEngine downgraded RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Bank of America initiated coverage on RLJ Lodging Trust in a report on Monday, August 14th. They set a “neutral” rating and a $22.00 price target for the company. Canaccord Genuity raised RLJ Lodging Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $23.00 in a report on Friday, September 8th. Deutsche Bank began coverage on RLJ Lodging Trust in a report on Tuesday, September 19th. They issued a “hold” rating and a $22.00 target price for the company. Finally, Zacks Investment Research cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, five have given 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 price target of $24.00.
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About RLJ Lodging Trust
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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