Thrivent Financial For Lutherans Purchases 800 Shares of RLJ Lodging Trust (RLJ)
Thrivent Financial For Lutherans lifted its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,660 shares of the real estate investment trust’s stock after buying an additional 800 shares during the period. Thrivent Financial For Lutherans’ holdings in RLJ Lodging Trust were worth $967,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of RLJ Lodging Trust by 8.0% during the first quarter. SG Americas Securities LLC now owns 8,332 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 615 shares during the period. Paragon Capital Management Ltd acquired a new position in shares of RLJ Lodging Trust during the second quarter worth about $208,000. New York State Teachers Retirement System boosted its position in shares of RLJ Lodging Trust by 0.9% during the first quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 100 shares during the period. Denver Investment Advisors LLC boosted its position in shares of RLJ Lodging Trust by 0.9% during the second quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 100 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of RLJ Lodging Trust by 13.1% during the second quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,300 shares during the period.
Several research analysts have recently weighed in on the company. ValuEngine cut RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Bank of America Corporation assumed coverage on RLJ Lodging Trust in a research report on Monday, August 14th. They set a “neutral” rating and a $22.00 price objective for the company. Canaccord Genuity raised RLJ Lodging Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $23.00 in a research report on Friday, September 8th. Finally, Deutsche Bank AG began coverage on RLJ Lodging Trust in a research report on Tuesday, September 19th. They set a “hold” rating and a $22.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.18.
Shares of RLJ Lodging Trust (RLJ) opened at 21.96 on Friday. The stock has a 50 day moving average price of $21.06 and a 200-day moving average price of $21.16. The firm has a market capitalization of $2.72 billion, a PE ratio of 15.14 and a beta of 1.17. RLJ Lodging Trust has a 52-week low of $18.92 and a 52-week high of $25.10.
RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The firm had revenue of $292.28 million for the quarter, compared to the consensus estimate of $293.16 million. During the same quarter in the previous year, the business earned $0.82 EPS. The company’s revenue was down 7.8% compared to the same quarter last year. Equities analysts forecast that RLJ Lodging Trust will post $1.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, August 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.01%. RLJ Lodging Trust’s payout ratio is presently 30.34%.
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In other news, Director Nathaniel A. Davis sold 10,000 shares of the business’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 value of $201,100.00. Following the transaction, the director now owns 72,928 shares in the company, valued at approximately $1,466,582.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Forgia Robert M. La bought 5,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average price of $19.73 per share, for a total transaction of $98,650.00. Following the purchase, the director now directly owns 37,528 shares in the company, valued at $740,427.44. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.
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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