Dalton Greiner Hartman Maher & Co. Has $2.38 Million Stake in RLJ Lodging Trust (RLJ)

Dalton Greiner Hartman Maher & Co. cut its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 19.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,132 shares of the real estate investment trust’s stock after selling 26,860 shares during the period. Dalton Greiner Hartman Maher & Co. owned approximately 0.06% of RLJ Lodging Trust worth $2,376,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Amalgamated Bank lifted its stake in RLJ Lodging Trust by 1.6% in the 2nd quarter. Amalgamated Bank now owns 15,581 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 248 shares in the last quarter. Utah Retirement Systems lifted its stake in RLJ Lodging Trust by 2.6% in the 2nd quarter. Utah Retirement Systems now owns 11,707 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 300 shares in the last quarter. Global Endowment Management LP lifted its stake in RLJ Lodging Trust by 0.7% in the 2nd quarter. Global Endowment Management LP now owns 108,910 shares of the real estate investment trust’s stock valued at $2,164,000 after buying an additional 800 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in RLJ Lodging Trust by 1.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 48,660 shares of the real estate investment trust’s stock valued at $967,000 after buying an additional 800 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in RLJ Lodging Trust by 6.8% in the 2nd quarter. Principal Financial Group Inc. now owns 23,109 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 1,465 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

RLJ has been the topic of a number of research reports. Deutsche Bank initiated coverage on shares of RLJ Lodging Trust in a research note on Tuesday, September 19th. They issued a “hold” rating and a $22.00 price target on the stock. Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. SunTrust Banks assumed coverage on shares of RLJ Lodging Trust in a research note on Thursday, October 19th. They issued a “hold” rating and a $22.00 target price on the stock. Barclays assumed coverage on shares of RLJ Lodging Trust in a research note on Friday, October 6th. They issued an “equal weight” rating and a $24.00 target price on the stock. Finally, TheStreet lowered shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $23.36.

RLJ Lodging Trust (NYSE:RLJ) opened at $22.14 on Friday. The firm has a market cap of $3,926.73, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.90. 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, topping the Zacks’ consensus estimate of $0.59 by $0.02. The business had revenue of $341.26 million during the quarter, compared to the consensus estimate of $347.74 million. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. sell-side analysts predict that RLJ Lodging Trust will post 2.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.96%. This is an increase from RLJ Lodging Trust’s previous quarterly dividend of $0.22. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 116.82%.

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

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