Old Mutual Global Investors UK Ltd. trimmed its holdings in RLJ Lodging Trust (NYSE:RLJ) by 87.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,461 shares of the real estate investment trust’s stock after selling 64,196 shares during the quarter. Old Mutual Global Investors UK Ltd.’s holdings in RLJ Lodging Trust were worth $208,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Citigroup Inc. grew its holdings in RLJ Lodging Trust by 14.6% in the 2nd quarter. Citigroup Inc. now owns 290,875 shares of the real estate investment trust’s stock worth $5,780,000 after buying an additional 36,958 shares in the last quarter. Aperio Group LLC grew its holdings in RLJ Lodging Trust by 5.8% in the 2nd quarter. Aperio Group LLC now owns 18,319 shares of the real estate investment trust’s stock worth $364,000 after buying an additional 1,009 shares in the last quarter. Cim Investment Mangement Inc. grew its holdings in RLJ Lodging Trust by 53.9% in the 2nd quarter. Cim Investment Mangement Inc. now owns 37,410 shares of the real estate investment trust’s stock worth $743,000 after buying an additional 13,105 shares in the last quarter. Dupont Capital Management Corp grew its holdings in RLJ Lodging Trust by 77.4% in the 2nd quarter. Dupont Capital Management Corp now owns 12,403 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 5,412 shares in the last quarter. Finally, Systematic Financial Management LP grew its holdings in RLJ Lodging Trust by 10.6% in the 2nd quarter. Systematic Financial Management LP now owns 81,275 shares of the real estate investment trust’s stock worth $1,615,000 after buying an additional 7,760 shares in the last quarter.

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In other news, Director Nathaniel A. Davis sold 10,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 72,928 shares of the company’s stock, valued at approximately $1,466,582.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Forgia Robert M. La acquired 5,000 shares of RLJ Lodging Trust stock in a transaction dated Wednesday, August 16th. The shares were bought at an average cost of $19.73 per share, with a total value of $98,650.00. Following the completion of the purchase, the director now owns 37,528 shares in the company, valued at $740,427.44. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

Shares of RLJ Lodging Trust (NYSE:RLJ) opened at $21.17 on Friday. The firm has a market capitalization of $2,638.60, a price-to-earnings ratio of 8.68, a PEG ratio of 1.85 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.39 and a current ratio of 4.39. RLJ Lodging Trust has a one year low of $19.12 and a one year high of $25.10.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. The business had revenue of $341.26 million during the quarter, compared to analyst estimates of $347.74 million. RLJ Lodging Trust had a return on equity of 6.44% and a net margin of 12.30%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company posted $0.69 EPS. research analysts anticipate that RLJ Lodging Trust will post 2.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Thursday, September 28th. RLJ Lodging Trust’s dividend payout ratio is presently 38.94%.

A number of equities analysts recently issued reports on RLJ shares. Deutsche Bank AG started coverage on RLJ Lodging Trust in a report on Tuesday, September 19th. They issued a “hold” rating and a $22.00 price objective for the company. SunTrust Banks, Inc. initiated coverage on RLJ Lodging Trust in a research note on Thursday, October 19th. They set a “hold” rating and a $22.00 price target for the company. Canaccord Genuity raised RLJ Lodging Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $21.00 to $23.00 in a research note on Friday, September 8th. Wells Fargo & Company raised RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a research note on Tuesday, September 5th. Finally, Barclays PLC initiated coverage on RLJ Lodging Trust in a research note on Friday, October 6th. They set an “equal weight” rating and a $24.00 price target for the company. Two research 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. The stock currently has an average rating of “Hold” and an average price target of $24.00.

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

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