Arrow Investment Advisors LLC Has $696,000 Stake in RLJ Lodging Trust (RLJ)
Arrow Investment Advisors LLC lifted its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,640 shares of the real estate investment trust’s stock after buying an additional 3,040 shares during the quarter. Arrow Investment Advisors LLC’s holdings in RLJ Lodging Trust were worth $696,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of RLJ. Citigroup Inc. grew its holdings in RLJ Lodging Trust by 14.6% during the second quarter. Citigroup Inc. now owns 290,875 shares of the real estate investment trust’s stock valued at $5,780,000 after purchasing an additional 36,958 shares during the period. State Street Corp grew its holdings in RLJ Lodging Trust by 2.4% during the second 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. Aperio Group LLC grew its holdings in RLJ Lodging Trust by 5.8% during the second quarter. Aperio Group LLC now owns 18,319 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 1,009 shares during the period. Cim Investment Mangement Inc. grew its holdings in RLJ Lodging Trust by 53.9% during the second quarter. Cim Investment Mangement Inc. now owns 37,410 shares of the real estate investment trust’s stock valued at $743,000 after purchasing an additional 13,105 shares during the period. Finally, Dupont Capital Management Corp grew its holdings in RLJ Lodging Trust by 77.4% during the second quarter. Dupont Capital Management Corp now owns 12,403 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 5,412 shares during the period.
A number of brokerages have weighed in on RLJ. TheStreet lowered shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Robert W. Baird set a $23.00 price target on shares of RLJ Lodging Trust and gave the company a “hold” rating in a research note on Sunday, October 29th. SunTrust Banks, Inc. began coverage on shares of RLJ Lodging Trust in a research note on Thursday, October 19th. They issued a “hold” rating and a $22.00 price target on the stock. Barclays PLC began 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 price target on the stock. Finally, ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.00.
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RLJ Lodging Trust (NYSE RLJ) traded down $0.01 during midday trading on Thursday, reaching $21.26. 799,200 shares of the company’s stock traded hands, compared to its average volume of 1,545,851. 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 has a 1 year low of $19.12 and a 1 year high of $25.10. The company has a market capitalization of $3,720.34, a price-to-earnings ratio of 8.72, a P/E/G ratio of 1.84 and a beta of 1.14.
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, topping the Thomson Reuters’ consensus estimate 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 analyst estimates of $347.74 million. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. sell-side analysts expect that RLJ Lodging Trust will post 2.31 EPS for the current fiscal year.
In other RLJ Lodging Trust news, Director Nathaniel A. Davis sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total transaction of $201,100.00. Following the sale, the director now directly owns 72,928 shares of the company’s stock, valued at $1,466,582.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.
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.
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