RLJ Lodging Trust (RLJ) Shares Bought by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. boosted its position in RLJ Lodging Trust (NYSE:RLJ) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,095 shares of the real estate investment trust’s stock after buying an additional 2,435 shares during the period. NN Investment Partners Holdings N.V.’s holdings in RLJ Lodging Trust were worth $638,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RLJ. Bronfman E.L. Rothschild L.P. increased its position in shares of RLJ Lodging Trust by 385.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,657 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 3,697 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of RLJ Lodging Trust during the first quarter worth approximately $144,000. SG Americas Securities LLC increased its position in shares of RLJ Lodging Trust by 8.0% in 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 in the last quarter. Daiwa Securities Group Inc. increased its position in shares of RLJ Lodging Trust by 41.4% in the first quarter. Daiwa Securities Group Inc. now owns 9,900 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 2,900 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of RLJ Lodging Trust by 0.9% in 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 in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Shares of RLJ Lodging Trust (NYSE RLJ) traded down 0.46% during midday trading on Friday, hitting $19.61. The stock had a trading volume of 4,633,068 shares. The stock has a market cap of $2.43 billion, a PE ratio of 13.52 and a beta of 1.16. The firm has a 50 day moving average price of $20.29 and a 200 day moving average price of $21.63. RLJ Lodging Trust has a one year low of $18.92 and a one year high of $25.10.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $292.28 million for the quarter, compared to analyst estimates of $293.16 million. During the same quarter last year, the company earned $0.82 EPS. The business’s quarterly revenue was down 7.8% on a year-over-year basis. On average, equities analysts forecast that RLJ Lodging Trust will post $0.98 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Monday, August 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 91.03%.

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A number of equities analysts have commented on the stock. ValuEngine downgraded shares of RLJ Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Bank of America Corporation assumed coverage on shares of RLJ Lodging Trust in a report on Monday, August 14th. They issued a “neutral” rating and a $22.00 target price for the company. Canaccord Genuity reiterated a “hold” rating and issued a $21.00 target price on shares of RLJ Lodging Trust in a report on Monday, August 7th. Finally, Boenning Scattergood reiterated a “sell” rating and issued a $19.50 target price on shares of RLJ Lodging Trust in a report on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. RLJ Lodging Trust has a consensus rating of “Hold” and an average target price of $24.38.

In other news, Director Forgia Robert M. La purchased 5,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were bought at an average price of $19.73 per share, with a total value of $98,650.00. Following the completion of the transaction, the director now directly owns 37,528 shares in the company, valued at approximately $740,427.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by company insiders.

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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