American International Group Inc. increased its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 49.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 113,796 shares of the real estate investment trust’s stock after acquiring an additional 37,459 shares during the period. American International Group Inc. owned about 0.09% of RLJ Lodging Trust worth $2,504,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RLJ. Aperio Group LLC grew its position in RLJ Lodging Trust by 5.8% during the 2nd quarter. Aperio Group LLC now owns 18,319 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 1,009 shares during the last quarter. Russell Investments Group Ltd. grew its position in RLJ Lodging Trust by 63.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 394,647 shares of the real estate investment trust’s stock worth $7,842,000 after acquiring an additional 153,173 shares during the last quarter. Great West Life Assurance Co. Can grew its position in RLJ Lodging Trust by 28.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 93,172 shares of the real estate investment trust’s stock worth $1,849,000 after acquiring an additional 20,412 shares during the last quarter. Daiwa Securities Group Inc. grew its position 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 worth $223,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Sei Investments Co. grew its position in RLJ Lodging Trust by 25.5% during the 2nd quarter. Sei Investments Co. now owns 399,351 shares of the real estate investment trust’s stock worth $7,935,000 after acquiring an additional 81,238 shares during the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.

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

Shares of RLJ Lodging Trust (NYSE RLJ) traded down $0.31 on Friday, reaching $21.45. The company’s stock had a trading volume of 2,060,000 shares, compared to its average volume of 1,214,419. The firm has a market cap of $3,751.82, a P/E ratio of 8.79, a PEG 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. 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 announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The firm had revenue of $341.26 million for the quarter, compared to the consensus estimate of $347.74 million. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. equities research analysts forecast that RLJ Lodging Trust will post 2.27 EPS for the current fiscal year.

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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.

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

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