Schwab Charles Investment Management Inc. raised its holdings in RLJ Lodging Trust (NYSE:RLJ) by 5.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,856,819 shares of the real estate investment trust’s stock after buying an additional 142,207 shares during the quarter. Schwab Charles Investment Management Inc. owned about 1.63% of RLJ Lodging Trust worth $62,993,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RLJ. Russell Investments Group Ltd. grew its holdings in RLJ Lodging Trust by 27.1% during the second quarter. Russell Investments Group Ltd. now owns 798,136 shares of the real estate investment trust’s stock worth $17,588,000 after acquiring an additional 170,297 shares during the period. LSV Asset Management grew its holdings in RLJ Lodging Trust by 14.2% during the second quarter. LSV Asset Management now owns 624,440 shares of the real estate investment trust’s stock worth $13,768,000 after acquiring an additional 77,700 shares during the period. Canada Pension Plan Investment Board grew its holdings in RLJ Lodging Trust by 30.3% during the second quarter. Canada Pension Plan Investment Board now owns 108,500 shares of the real estate investment trust’s stock worth $2,392,000 after acquiring an additional 25,200 shares during the period. Quantitative Systematic Strategies LLC grew its holdings in RLJ Lodging Trust by 352.9% during the second quarter. Quantitative Systematic Strategies LLC now owns 79,678 shares of the real estate investment trust’s stock worth $1,757,000 after acquiring an additional 62,084 shares during the period. Finally, SG Americas Securities LLC grew its holdings in RLJ Lodging Trust by 129.3% during the second quarter. SG Americas Securities LLC now owns 60,763 shares of the real estate investment trust’s stock worth $1,340,000 after acquiring an additional 34,262 shares during the period. Institutional investors own 98.90% of the company’s stock.

Shares of RLJ opened at $21.79 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.82. RLJ Lodging Trust has a 12 month low of $18.67 and a 12 month high of $23.97. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.40). RLJ Lodging Trust had a net margin of 5.72% and a return on equity of 3.11%. The business had revenue of $484.69 million during the quarter, compared to analyst estimates of $488.62 million. research analysts anticipate that RLJ Lodging Trust will post 2.33 earnings per share for the current year.

Several research firms recently commented on RLJ. Barclays raised RLJ Lodging Trust from an “equal weight” rating to an “overweight” rating and set a $23.00 target price on the stock in a report on Friday, June 1st. Zacks Investment Research lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. Boenning Scattergood set a $19.00 target price on RLJ Lodging Trust and gave the stock a “sell” rating in a report on Friday, May 11th. ValuEngine lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Finally, Wells Fargo & Co lowered RLJ Lodging Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. RLJ Lodging Trust has an average rating of “Hold” and a consensus price target of $22.50.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 156 hotels with approximately 30,570 rooms, located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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

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