RLJ Lodging Trust (RLJ) Shares Bought by Legal & General Group Plc

Legal & General Group Plc lifted its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 43.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 544,901 shares of the real estate investment trust’s stock after purchasing an additional 165,176 shares during the quarter. Legal & General Group Plc owned about 0.44% of RLJ Lodging Trust worth $11,992,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ffcm LLC grew its holdings in shares of RLJ Lodging Trust by 1,105.3% during the 3rd quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 5,040 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new position in RLJ Lodging Trust during the 2nd quarter valued at about $214,000. Denver Investment Advisors LLC boosted its holdings in 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 valued at $219,000 after acquiring an additional 100 shares during the period. Daiwa Securities Group Inc. boosted its holdings in RLJ Lodging Trust by 13.1% during 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 acquiring an additional 1,300 shares during the period. Finally, Utah Retirement Systems boosted its holdings in RLJ Lodging Trust by 2.6% during the 2nd quarter. Utah Retirement Systems now owns 11,707 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 95.22% of the company’s stock.

RLJ Lodging Trust (NYSE RLJ) traded down $0.03 during mid-day trading on Tuesday, reaching $21.42. The company’s stock had a trading volume of 975,400 shares, compared to its average volume of 1,538,965. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.90. The firm has a market cap of $3,760.00, a price-to-earnings ratio of 8.79, a P/E/G ratio of 1.89 and a beta of 1.13. RLJ Lodging Trust has a 52 week low of $19.12 and a 52 week high of $25.10.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results 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. The company had revenue of $341.26 million for the quarter, compared to analyst estimates of $347.74 million. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. RLJ Lodging Trust’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. equities analysts anticipate that RLJ Lodging Trust will post 2.27 earnings per share for the current fiscal year.

RLJ has been the subject of a number of research analyst reports. Canaccord Genuity upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $21.00 to $23.00 in a report on Friday, September 8th. ValuEngine upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. TheStreet cut RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Barclays initiated coverage on RLJ Lodging Trust in a report on Friday, October 6th. They set an “equal weight” rating and a $24.00 target price for the company. Finally, Robert W. Baird set a $23.00 target price on RLJ Lodging Trust and gave the company a “hold” rating in a report on Sunday, October 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.00.

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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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