Dalton Greiner Hartman Maher & Co. decreased its stake in RLJ Lodging Trust (NYSE:RLJ) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,132 shares of the real estate investment trust’s stock after selling 26,860 shares during the quarter. 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 added to or reduced their stakes in RLJ. Amalgamated Bank lifted its stake in shares of 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 purchasing an additional 248 shares during the last quarter. Utah Retirement Systems lifted its stake in shares of 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 purchasing an additional 300 shares during the last quarter. Global Endowment Management LP lifted its stake in shares of 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 purchasing an additional 800 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of 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 purchasing an additional 800 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of 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 purchasing an additional 1,465 shares during the last quarter. Hedge funds and other institutional investors own 95.24% of the company’s stock.
RLJ Lodging Trust (RLJ) traded down $0.52 during midday trading on Friday, reaching $22.24. The company had a trading volume of 929,868 shares, compared to its average volume of 1,278,839. The firm has a market cap of $3,890.00, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. RLJ Lodging Trust has a 12 month low of $19.12 and a 12 month high of $23.98. 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 (NYSE:RLJ) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $347.74 million. During the same quarter in the prior year, the firm posted $0.69 EPS. RLJ Lodging Trust’s quarterly revenue was up 15.2% compared to the same quarter last year. equities analysts anticipate that RLJ Lodging Trust will post 2.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a dividend of $0.33 per share. This is a positive change from RLJ Lodging Trust’s previous quarterly dividend of $0.22. This represents a $1.32 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Thursday, December 28th. RLJ Lodging Trust’s payout ratio is 116.82%.
A number of brokerages recently issued reports on RLJ. KeyCorp raised RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Tuesday, December 19th. Robert W. Baird restated a “hold” rating on shares of RLJ Lodging Trust in a research note on Thursday, December 21st. SunTrust Banks started coverage on RLJ Lodging Trust in a research note on Thursday, October 19th. They set a “hold” rating and a $22.00 target price on the stock. Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, ValuEngine raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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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