Vident Investment Advisory LLC Has $2.44 Million Holdings in RLJ Lodging Trust (RLJ)
Vident Investment Advisory LLC raised its position in RLJ Lodging Trust (NYSE:RLJ) by 12.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,031 shares of the real estate investment trust’s stock after buying an additional 12,159 shares during the period. Vident Investment Advisory LLC owned 0.09% of RLJ Lodging Trust worth $2,442,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Ffcm LLC increased its stake in shares of RLJ Lodging Trust by 1,105.3% during the 3rd quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 5,040 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in RLJ Lodging Trust in the 3rd quarter valued at $225,000. Cornerstone Capital Management Holdings LLC. bought a new position in RLJ Lodging Trust in the 2nd quarter valued at $214,000. Denver Investment Advisors LLC boosted its holdings in RLJ Lodging Trust by 0.9% in the 2nd quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 100 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in RLJ Lodging Trust by 13.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 95.22% of the company’s stock.
RLJ Lodging Trust (NYSE RLJ) traded up $0.03 during mid-day trading on Wednesday, hitting $21.45. 1,075,400 shares of the company’s stock were exchanged, compared to its average volume of 1,537,025. RLJ Lodging Trust has a 12-month low of $19.12 and a 12-month high of $25.01. The stock has a market capitalization of $3,746.57, a PE ratio of 8.78, a price-to-earnings-growth ratio of 1.89 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 2.06.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The company had revenue of $341.26 million for the quarter, compared to analysts’ expectations of $347.74 million. During the same quarter in the previous year, the company earned $0.69 earnings per share. RLJ Lodging Trust’s quarterly revenue was up 15.2% on a year-over-year basis. research analysts expect that RLJ Lodging Trust will post 2.27 EPS for the current fiscal year.
Several brokerages have commented on RLJ. SunTrust Banks began coverage on shares of RLJ Lodging Trust in a report on Thursday, October 19th. They issued a “hold” rating and a $22.00 price target for the company. ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Barclays started coverage on shares of RLJ Lodging Trust in a research note on Friday, October 6th. They issued an “equal weight” rating and a $24.00 price target for the company. Robert W. Baird reissued a “hold” rating and issued a $23.00 price target on shares of RLJ Lodging Trust in a research note on Thursday, September 21st. Finally, Deutsche Bank initiated coverage on shares of RLJ Lodging Trust in a research report on Tuesday, September 19th. They issued a “hold” rating and a $22.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. RLJ Lodging Trust currently has a consensus rating of “Hold” and a consensus target price of $24.00.
RLJ Lodging Trust Company 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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