Allianz Asset Management GmbH Has $13.83 Million Position in RLJ Lodging Trust (RLJ)

Allianz Asset Management GmbH lifted its position in RLJ Lodging Trust (NYSE:RLJ) by 111.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 628,717 shares of the real estate investment trust’s stock after purchasing an additional 330,962 shares during the period. Allianz Asset Management GmbH owned about 0.50% of RLJ Lodging Trust worth $13,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of RLJ Lodging Trust by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 20,084,086 shares of the real estate investment trust’s stock valued at $399,071,000 after purchasing an additional 300,010 shares during the period. BlackRock Inc. lifted its stake in shares of RLJ Lodging Trust by 7.5% in the 2nd quarter. BlackRock Inc. now owns 12,256,164 shares of the real estate investment trust’s stock valued at $243,529,000 after purchasing an additional 856,636 shares during the period. Lasalle Investment Management Securities LLC lifted its stake in shares of RLJ Lodging Trust by 6.6% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 7,289,174 shares of the real estate investment trust’s stock valued at $144,836,000 after purchasing an additional 451,443 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of RLJ Lodging Trust by 6.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,743,188 shares of the real estate investment trust’s stock valued at $114,117,000 after purchasing an additional 331,184 shares during the period. Finally, State Street Corp lifted its stake in shares of RLJ Lodging Trust by 2.4% in the 2nd quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock valued at $96,267,000 after purchasing an additional 111,681 shares during the period. Hedge funds and other institutional investors own 95.22% of the company’s stock.

Several equities analysts recently issued reports on RLJ shares. Robert W. Baird set a $23.00 target price on shares of RLJ Lodging Trust and gave the company a “hold” rating in a research note on Sunday, October 29th. ValuEngine upgraded shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Barclays started coverage on shares of RLJ Lodging Trust in a research note on Friday, October 6th. They issued an “equal weight” rating and a $24.00 target price for the company. Deutsche Bank started coverage on shares of RLJ Lodging Trust in a research note on Tuesday, September 19th. They issued a “hold” rating and a $22.00 target price for the company. Finally, Wells Fargo & Company upgraded shares of RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.20.

Shares of RLJ Lodging Trust (NYSE:RLJ) traded up $0.10 during midday trading on Friday, reaching $21.63. 894,200 shares of the company traded hands, compared to its average volume of 1,532,063. The stock has a market cap of $3,765.81, a price-to-earnings ratio of 8.82, a PEG ratio of 1.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06. RLJ Lodging Trust has a 12 month low of $19.12 and a 12 month high of $25.01.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. The company had revenue of $341.26 million during the quarter, compared to analyst estimates of $347.74 million. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. research analysts predict that RLJ Lodging Trust will post 2.27 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.

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

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