61,700 Shares in RLJ Lodging Trust (RLJ) Purchased by Forsta AP Fonden

Forsta AP Fonden acquired a new position in RLJ Lodging Trust (NYSE:RLJ) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 61,700 shares of the real estate investment trust’s stock, valued at approximately $1,356,000.

Several other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position 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 worth $96,267,000 after purchasing an additional 111,681 shares in the last quarter. Cohen & Steers Inc. acquired a new stake in shares of RLJ Lodging Trust in the 3rd quarter worth $89,956,000. Daiwa Securities Group Inc. boosted its position in shares of RLJ Lodging Trust by 534.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,715,579 shares of the real estate investment trust’s stock worth $81,632,000 after purchasing an additional 3,129,810 shares in the last quarter. Land & Buildings Investment Management LLC acquired a new stake in shares of RLJ Lodging Trust in the 3rd quarter worth $77,072,000. Finally, Citadel Advisors LLC boosted its position in shares of RLJ Lodging Trust by 128.7% in the 3rd quarter. Citadel Advisors LLC now owns 3,006,051 shares of the real estate investment trust’s stock worth $66,133,000 after purchasing an additional 1,691,905 shares in the last quarter. 95.24% of the stock is owned by hedge funds and other institutional investors.

Shares of RLJ Lodging Trust (RLJ) opened at $21.83 on Friday. RLJ Lodging Trust has a 52-week low of $19.12 and a 52-week high of $23.98. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market capitalization of $3,818.29, a PE ratio of 8.95, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10.

A number of analysts have recently weighed in on RLJ shares. Robert W. Baird reissued a “hold” rating on shares of RLJ Lodging Trust in a research report on Thursday, December 21st. Zacks Investment Research cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. ValuEngine raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. KeyCorp raised RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Tuesday, December 19th. Finally, Deutsche Bank lifted their price target on RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.45.

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RLJ Lodging Trust 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.

Want to see what other hedge funds are holding RLJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RLJ Lodging Trust (NYSE:RLJ).

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

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