RLJ Lodging Trust (RLJ) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its stake in RLJ Lodging Trust (NYSE:RLJ) by 20.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 282,744 shares of the real estate investment trust’s stock after selling 72,594 shares during the period. American Century Companies Inc. owned 0.16% of RLJ Lodging Trust worth $5,497,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of RLJ Lodging Trust by 13.3% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,977 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 3,280 shares during the period. Westpac Banking Corp lifted its position in RLJ Lodging Trust by 5.1% during the 1st quarter. Westpac Banking Corp now owns 88,500 shares of the real estate investment trust’s stock valued at $1,720,000 after acquiring an additional 4,300 shares during the period. Schroder Investment Management Group lifted its position in RLJ Lodging Trust by 9.0% during the 4th quarter. Schroder Investment Management Group now owns 61,472 shares of the real estate investment trust’s stock valued at $1,351,000 after acquiring an additional 5,100 shares during the period. Assetmark Inc. lifted its position in RLJ Lodging Trust by 8,118.5% during the 4th quarter. Assetmark Inc. now owns 5,342 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 5,277 shares during the period. Finally, Swiss National Bank lifted its position in RLJ Lodging Trust by 2.0% during the 4th quarter. Swiss National Bank now owns 297,758 shares of the real estate investment trust’s stock valued at $6,542,000 after acquiring an additional 5,700 shares during the period.

Shares of RLJ Lodging Trust stock opened at $23.00 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.79 and a quick ratio of 2.79. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 1.89 and a beta of 1.14. RLJ Lodging Trust has a 52-week low of $18.67 and a 52-week high of $23.96.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Wednesday, May 9th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.38). The firm had revenue of $429.59 million during the quarter, compared to analysts’ expectations of $421.69 million. RLJ Lodging Trust had a return on equity of 2.62% and a net margin of 5.03%. The firm’s quarterly revenue was up 65.1% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. research analysts predict that RLJ Lodging Trust will post 2.38 EPS for the current year.

A number of brokerages recently issued reports on RLJ. Zacks Investment Research cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Barclays lowered their price target on shares of RLJ Lodging Trust from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, March 7th. Deutsche Bank lifted their price target on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Boenning Scattergood set a $19.00 price target on shares of RLJ Lodging Trust and gave the company a “sell” rating in a research report on Friday, May 11th. Finally, ValuEngine raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. RLJ Lodging Trust has an average rating of “Hold” and an average price target of $23.18.

RLJ Lodging Trust Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 156 hotels with approximately 30,570 rooms, located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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

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