RLJ Lodging Trust (RLJ) Holdings Lifted by Real Estate Management Services LLC

Real Estate Management Services LLC lifted its stake in RLJ Lodging Trust (NYSE:RLJ) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,116,392 shares of the real estate investment trust’s stock after buying an additional 96,829 shares during the period. RLJ Lodging Trust makes up 5.7% of Real Estate Management Services LLC’s investment portfolio, making the stock its 6th largest holding. Real Estate Management Services LLC owned about 0.64% of RLJ Lodging Trust worth $24,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of RLJ. Vanguard Group Inc. boosted its stake in RLJ Lodging Trust by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 20,084,086 shares of the real estate investment trust’s stock worth $399,071,000 after purchasing an additional 300,010 shares during the period. BlackRock Inc. lifted its stake in shares of RLJ Lodging Trust by 7.5% in the 2nd quarter. BlackRock Inc. now owns 12,256,164 shares of the real estate investment trust’s stock worth $243,529,000 after acquiring an additional 856,636 shares during the period. State Street Corp lifted its stake in shares of RLJ Lodging Trust by 2.4% in the 2nd quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock worth $96,267,000 after acquiring an additional 111,681 shares during the period. Northern Trust Corp lifted its stake in shares of RLJ Lodging Trust by 7.5% in the 2nd quarter. Northern Trust Corp now owns 4,099,544 shares of the real estate investment trust’s stock worth $81,458,000 after acquiring an additional 286,760 shares during the period. Finally, Cohen & Steers Inc. acquired a new stake in shares of RLJ Lodging Trust in the 3rd quarter worth $89,956,000. 95.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of RLJ Lodging Trust (NYSE RLJ) opened at $21.66 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 2.06. RLJ Lodging Trust has a 12-month low of $19.12 and a 12-month high of $23.98. The stock has a market cap of $3,795.55, a P/E ratio of 19.17, a P/E/G ratio of 1.82 and a beta of 1.10.

Several research firms have recently commented on RLJ. KeyCorp upgraded shares of 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 note on Tuesday, December 19th. Robert W. Baird reiterated a “hold” rating on shares of RLJ Lodging Trust in a report on Thursday, December 21st. SunTrust Banks started coverage on shares of RLJ Lodging Trust in a report on Thursday, October 19th. They issued a “hold” rating and a $22.00 price target for the company. Zacks Investment Research downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, ValuEngine upgraded shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $23.45.

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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.

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

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