Cubist Systematic Strategies LLC lifted its holdings in RLJ Lodging Trust (NYSE:RLJ) by 21.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,257 shares of the real estate investment trust’s stock after buying an additional 8,992 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in RLJ Lodging Trust were worth $1,106,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in RLJ. Ffcm LLC grew its position in shares of RLJ Lodging Trust by 1,105.3% in the 3rd quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 5,040 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of RLJ Lodging Trust in the 2nd quarter worth about $214,000. Denver Investment Advisors LLC grew its position in RLJ Lodging Trust by 0.9% during the 2nd quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in RLJ Lodging Trust during the 3rd quarter valued at about $225,000. Finally, Utah Retirement Systems grew its position in RLJ Lodging Trust by 2.6% during the 2nd quarter. Utah Retirement Systems now owns 11,707 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 300 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RLJ Lodging Trust (NYSE RLJ) traded up $0.19 during midday trading on Thursday, hitting $22.45. 1,330,000 shares of the stock were exchanged, compared to its average volume of 1,420,000. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $3,930.00, a P/E ratio of 29.54, a PEG ratio of 1.86 and a beta of 1.13. RLJ Lodging Trust has a 12-month low of $19.12 and a 12-month high of $24.60.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The firm had revenue of $341.26 million for the quarter, compared to the consensus estimate of $347.74 million. During the same quarter last year, the firm posted $0.69 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. equities research analysts forecast that RLJ Lodging Trust will post 2.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from RLJ Lodging Trust’s previous quarterly dividend of $0.22. RLJ Lodging Trust’s dividend payout ratio is 173.68%.
RLJ has been the topic of several recent analyst reports. ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. TheStreet downgraded shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Barclays initiated 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 objective on the stock. Robert W. Baird set a $23.00 price objective on shares of RLJ Lodging Trust and gave the company a “hold” rating in a research report on Sunday, October 29th. Finally, SunTrust Banks initiated 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 objective on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. RLJ Lodging Trust presently has an average rating of “Hold” and an average target price of $23.36.
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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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