New York State Teachers Retirement System boosted its stake in RLJ Lodging Trust (NYSE:RLJ) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,800 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. New York State Teachers Retirement System’s holdings in RLJ Lodging Trust were worth $254,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in RLJ. Guggenheim Capital LLC raised its stake in shares of RLJ Lodging Trust by 14.8% in the fourth quarter. Guggenheim Capital LLC now owns 27,973 shares of the real estate investment trust’s stock valued at $685,000 after buying an additional 3,599 shares during the period. Teachers Advisors LLC raised its stake in shares of RLJ Lodging Trust by 60.4% in the fourth quarter. Teachers Advisors LLC now owns 972,618 shares of the real estate investment trust’s stock valued at $23,819,000 after buying an additional 366,304 shares during the period. Macquarie Group Ltd. raised its stake in shares of RLJ Lodging Trust by 26.3% in the fourth quarter. Macquarie Group Ltd. now owns 62,150 shares of the real estate investment trust’s stock valued at $1,522,000 after buying an additional 12,950 shares during the period. State of Alaska Department of Revenue raised its stake in shares of RLJ Lodging Trust by 26.4% in the first quarter. State of Alaska Department of Revenue now owns 89,690 shares of the real estate investment trust’s stock valued at $2,107,000 after buying an additional 18,750 shares during the period. Finally, James Investment Research Inc. purchased a new stake in shares of RLJ Lodging Trust during the first quarter valued at $144,000. 99.37% of the stock is owned by institutional investors.
RLJ Lodging Trust (NYSE:RLJ) opened at 21.20 on Friday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 13.42 and a beta of 1.15. The firm’s 50-day moving average price is $20.57 and its 200-day moving average price is $22.02. RLJ Lodging Trust has a 12-month low of $18.92 and a 12-month high of $25.10.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Monday, May 8th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. RLJ Lodging Trust had a return on equity of 8.95% and a net margin of 17.19%. The firm had revenue of $260.20 million for the quarter, compared to the consensus estimate of $263.57 million. During the same quarter last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities analysts predict that RLJ Lodging Trust will post $1.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend was Wednesday, June 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 83.54%.
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RLJ has been the subject of several recent research reports. Boenning Scattergood reissued an “underperform” rating on shares of RLJ Lodging Trust in a report on Wednesday, April 12th. ValuEngine raised RLJ Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 20th. Janney Montgomery Scott reissued a “buy” rating and issued a $28.00 price objective (up previously from $26.00) on shares of RLJ Lodging Trust in a report on Monday, June 5th. BidaskClub lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. RLJ Lodging Trust currently has a consensus rating of “Hold” and an average price target of $25.13.
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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