RLJ Lodging Trust (RLJ) Holdings Increased by Ffcm LLC
Ffcm LLC raised its holdings in RLJ Lodging Trust (NYSE:RLJ) by 1,105.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,496 shares of the real estate investment trust’s stock after acquiring an additional 5,040 shares during the period. Ffcm LLC’s holdings in RLJ Lodging Trust were worth $121,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Great West Life Assurance Co. Can raised its holdings in shares of RLJ Lodging Trust by 35.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 126,558 shares of the real estate investment trust’s stock valued at $2,799,000 after acquiring an additional 33,386 shares in the last quarter. American International Group Inc. raised its holdings in shares of RLJ Lodging Trust by 49.1% during the 3rd quarter. American International Group Inc. now owns 113,796 shares of the real estate investment trust’s stock valued at $2,504,000 after buying an additional 37,459 shares in the last quarter. Arrow Investment Advisors LLC raised its holdings in shares of RLJ Lodging Trust by 10.6% during the 3rd quarter. Arrow Investment Advisors LLC now owns 31,640 shares of the real estate investment trust’s stock valued at $696,000 after buying an additional 3,040 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of RLJ Lodging Trust by 18.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,372 shares of the real estate investment trust’s stock valued at $888,000 after buying an additional 6,274 shares in the last quarter. Finally, Land & Buildings Investment Management LLC purchased a new position in shares of RLJ Lodging Trust during the 3rd quarter valued at about $77,072,000.
A number of equities analysts recently weighed in on RLJ shares. Royal Bank Of Canada reissued a “buy” rating and set a $25.00 price objective on shares of RLJ Lodging Trust in a report on Friday, August 4th. Boenning Scattergood set a $20.00 price objective on RLJ Lodging Trust and gave the company a “sell” rating in a report on Monday, August 7th. Canaccord Genuity reissued a “hold” rating and set a $21.00 price objective on shares of RLJ Lodging Trust in a report on Monday, August 7th. Bank of America Corporation started coverage on RLJ Lodging Trust in a report on Monday, August 14th. They set a “neutral” rating and a $22.00 price objective on the stock. Finally, Zacks Investment Research raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.
In related news, Director Nathaniel A. Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $20.11, for a total transaction of $201,100.00. Following the transaction, the director now directly owns 72,928 shares in the company, valued at approximately $1,466,582.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.
RLJ Lodging Trust (NYSE RLJ) traded up $0.09 on Monday, reaching $21.35. The company had a trading volume of 654,000 shares, compared to its average volume of 1,541,922. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.90. RLJ Lodging Trust has a fifty-two week low of $19.12 and a fifty-two week high of $25.10. The company has a market cap of $3,730.00, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 1.85 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 consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The business had revenue of $341.26 million for the quarter, compared to analyst estimates of $347.74 million. During the same period last year, the company earned $0.69 EPS. RLJ Lodging Trust’s revenue for the quarter was up 15.2% compared to the same quarter last year. equities research analysts anticipate that RLJ Lodging Trust will post 2.31 EPS for the current fiscal year.
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.
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