RLJ Lodging Trust (RLJ) Stake Lowered by Real Estate Management Services LLC

Real Estate Management Services LLC cut its holdings in RLJ Lodging Trust (NYSE:RLJ) by 10.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 898,471 shares of the real estate investment trust’s stock after selling 107,621 shares during the quarter. RLJ Lodging Trust accounts for 4.8% of Real Estate Management Services LLC’s investment portfolio, making the stock its 11th largest position. Real Estate Management Services LLC’s holdings in RLJ Lodging Trust were worth $19,811,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. increased its position in shares of RLJ Lodging Trust by 63.0% in the first quarter. Daiwa Securities Group Inc. now owns 6,055,264 shares of the real estate investment trust’s stock valued at $117,715,000 after buying an additional 2,339,685 shares in the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of RLJ Lodging Trust in the first quarter valued at approximately $93,540,000. Dimensional Fund Advisors LP increased its position in shares of RLJ Lodging Trust by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,772,076 shares of the real estate investment trust’s stock valued at $53,890,000 after buying an additional 87,378 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of RLJ Lodging Trust by 10.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,714,612 shares of the real estate investment trust’s stock valued at $52,773,000 after buying an additional 252,725 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. increased its position in shares of RLJ Lodging Trust by 0.4% in the first quarter. Duff & Phelps Investment Management Co. now owns 1,747,468 shares of the real estate investment trust’s stock valued at $33,971,000 after buying an additional 7,600 shares in the last quarter.

Shares of RLJ traded down $0.07 during trading hours on Wednesday, hitting $22.42. 38,780 shares of the stock were exchanged, compared to its average volume of 821,691. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.79 and a current ratio of 2.79. RLJ Lodging Trust has a 12-month low of $18.67 and a 12-month high of $23.97. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.91 and a beta of 1.18.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Wednesday, May 9th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.38). RLJ Lodging Trust had a return on equity of 2.62% and a net margin of 5.03%. The firm had revenue of $429.59 million for the quarter, compared to analysts’ expectations of $421.69 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The firm’s revenue for the quarter was up 65.1% compared to the same quarter last year. analysts predict that RLJ Lodging Trust will post 2.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 13th. Investors of record on Friday, June 29th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.89%. The ex-dividend date was Thursday, June 28th. RLJ Lodging Trust’s payout ratio is 55.00%.

RLJ has been the subject of a number of recent analyst reports. ValuEngine cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 16th. Boenning Scattergood set a $19.00 price target on RLJ Lodging Trust and gave the stock a “sell” rating in a research report on Friday, May 11th. Finally, Barclays upgraded RLJ Lodging Trust from an “equal weight” rating to an “overweight” rating and set a $23.00 price target for the company in a research report on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.70.

About RLJ Lodging Trust

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.

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

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