Wolverine Asset Management LLC purchased a new position in shares of RLJ Lodging Trust (NYSE:RLJ – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,357 shares of the real estate investment trust’s stock, valued at approximately $102,000.
A number of other institutional investors also recently made changes to their positions in the stock. BTC Capital Management Inc. grew its holdings in RLJ Lodging Trust by 106.8% during the fourth quarter. BTC Capital Management Inc. now owns 24,593 shares of the real estate investment trust’s stock worth $344,000 after buying an additional 12,702 shares in the last quarter. Lasalle Investment Management Securities LLC purchased a new position in RLJ Lodging Trust in the fourth quarter worth $321,000. Asset Management One Co. Ltd. boosted its position in RLJ Lodging Trust by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 264,986 shares of the real estate investment trust’s stock worth $3,688,000 after purchasing an additional 2,684 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in RLJ Lodging Trust by 4.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 76,420 shares of the real estate investment trust’s stock worth $1,065,000 after purchasing an additional 3,230 shares during the last quarter. Finally, Swiss National Bank boosted its position in RLJ Lodging Trust by 0.8% in the fourth quarter. Swiss National Bank now owns 366,658 shares of the real estate investment trust’s stock worth $5,108,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 98.00% of the company’s stock.
RLJ has been the topic of several research analyst reports. Zacks Investment Research raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 2nd. Robert W. Baird raised RLJ Lodging Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $17.00 to $18.00 in a research report on Friday, January 14th. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. TheStreet raised RLJ Lodging Trust from a “d+” rating to a “c-” rating in a research report on Thursday, May 5th. Finally, Oppenheimer started coverage on RLJ Lodging Trust in a research report on Thursday, April 21st. They set an “outperform” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $17.67.
RLJ Lodging Trust (NYSE:RLJ – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The company had revenue of $242.90 million for the quarter, compared to analysts’ expectations of $239.79 million. RLJ Lodging Trust had a negative return on equity of 11.50% and a negative net margin of 26.67%. The business’s revenue for the quarter was up 103.2% on a year-over-year basis. During the same period last year, the company posted ($0.18) EPS. As a group, equities analysts expect that RLJ Lodging Trust will post 1.2 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. RLJ Lodging Trust’s dividend payout ratio (DPR) is -2.45%.
In related news, Director Nathaniel A. Davis sold 40,000 shares of the stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $14.40, for a total transaction of $576,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.
RLJ Lodging Trust Company Profile (Get Rating)
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 103 hotels with approximately 22,570 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
- Get a free copy of the StockNews.com research report on RLJ Lodging Trust (RLJ)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for RLJ Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLJ Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.