Principal Financial Group Inc. boosted its position in RLJ Lodging Trust (NYSE:RLJ) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,109 shares of the real estate investment trust’s stock after acquiring an additional 1,465 shares during the quarter. Principal Financial Group Inc.’s holdings in RLJ Lodging Trust were worth $459,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its position in RLJ Lodging Trust by 23.0% in the first quarter. UBS Asset Management Americas Inc. now owns 265,152 shares of the real estate investment trust’s stock valued at $6,234,000 after buying an additional 49,507 shares in the last quarter. Teachers Advisors LLC boosted its position in RLJ Lodging Trust by 3.1% in the first quarter. Teachers Advisors LLC now owns 1,002,758 shares of the real estate investment trust’s stock valued at $23,575,000 after buying an additional 30,140 shares in the last quarter. Ameriprise Financial Inc. boosted its position in RLJ Lodging Trust by 30.1% in the first quarter. Ameriprise Financial Inc. now owns 395,035 shares of the real estate investment trust’s stock valued at $9,288,000 after buying an additional 91,303 shares in the last quarter. Aperio Group LLC boosted its position in RLJ Lodging Trust by 5.8% in the second quarter. Aperio Group LLC now owns 18,319 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 1,009 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in RLJ Lodging Trust by 5.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,436,830 shares of the real estate investment trust’s stock valued at $33,780,000 after buying an additional 74,961 shares in the last quarter.

RLJ Lodging Trust (NYSE:RLJ) opened at 22.48 on Friday. RLJ Lodging Trust has a 12-month low of $18.92 and a 12-month high of $25.10. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 15.50 and a beta of 1.17. The company has a 50-day moving average of $21.40 and a 200 day moving average of $21.15.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $292.28 million during the quarter, compared to analysts’ expectations of $293.16 million. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.16%. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. Equities analysts expect that RLJ Lodging Trust will post $1.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, August 28th. This represents a $0.88 annualized dividend and a yield of 3.91%. RLJ Lodging Trust’s payout ratio is currently 30.34%.

A number of brokerages have weighed in on RLJ. ValuEngine upgraded shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Barclays PLC began coverage on shares of RLJ Lodging Trust in a research report on Friday, October 6th. They issued an “equal weight” rating and a $24.00 target price on the stock. Robert W. Baird restated a “hold” rating and issued a $23.00 target price on shares of RLJ Lodging Trust in a research report on Thursday, September 21st. Deutsche Bank AG began coverage on shares of RLJ Lodging Trust in a research report on Tuesday, September 19th. They issued a “hold” rating and a $22.00 target price on the stock. Finally, Boenning Scattergood set a $20.00 target price on shares of RLJ Lodging Trust and gave the company a “sell” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. RLJ Lodging Trust has a consensus rating of “Hold” and a consensus target price of $24.18.

In other news, Director Nathaniel A. Davis sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total value 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 available at the SEC website. Also, Director Forgia Robert M. La bought 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $19.73 per share, with a total value of $98,650.00. Following the completion of the transaction, the director now owns 37,528 shares in the company, valued at approximately $740,427.44. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

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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.

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

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