Breton Hill Capital Ltd. raised its position in RLJ Lodging Trust (NYSE:RLJ) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,032 shares of the real estate investment trust’s stock after buying an additional 5,867 shares during the period. Breton Hill Capital Ltd.’s holdings in RLJ Lodging Trust were worth $1,211,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of RLJ. Paragon Capital Management Ltd purchased a new stake in shares of RLJ Lodging Trust during the 2nd quarter worth approximately $208,000. New York State Teachers Retirement System increased its stake in shares of RLJ Lodging Trust by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 100 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of RLJ Lodging Trust during the 2nd quarter worth approximately $214,000. Denver Investment Advisors LLC increased its stake in shares of RLJ Lodging Trust by 0.9% during the 2nd quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 100 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in RLJ Lodging Trust by 13.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,300 shares in the last quarter.
A number of research analysts recently weighed in on the stock. Boenning Scattergood set a $20.00 price objective on shares of RLJ Lodging Trust and gave the company a “sell” rating in a research note on Monday, August 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $25.00 price objective on shares of RLJ Lodging Trust in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Canaccord Genuity reiterated a “hold” rating and issued a $21.00 price objective on shares of RLJ Lodging Trust in a research note on Monday, August 7th. Finally, TheStreet downgraded shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.00.
In related news, Director Nathaniel A. Davis sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total transaction of $201,100.00. Following the transaction, the director now owns 72,928 shares in the company, valued at $1,466,582.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by insiders.
RLJ Lodging Trust (NYSE RLJ) traded up $0.08 during mid-day trading on Friday, hitting $20.96. 1,090,149 shares of the company’s stock were exchanged, compared to its average volume of 1,340,567. RLJ Lodging Trust has a 12-month low of $19.12 and a 12-month high of $25.10. The stock has a market capitalization of $2,612.43, a PE ratio of 8.59, a price-to-earnings-growth ratio of 1.81 and a beta of 1.14. 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 (NYSE:RLJ) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The firm had revenue of $341.26 million for the quarter, compared to analysts’ expectations of $347.74 million. During the same quarter in the previous year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. research analysts expect that RLJ Lodging Trust will post 2.31 EPS for the current fiscal year.
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About RLJ Lodging Trust
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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