Dimensional Fund Advisors LP lowered its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,716,718 shares of the real estate investment trust’s stock after selling 9,238 shares during the period. Dimensional Fund Advisors LP’s holdings in RLJ Lodging Trust were worth $42,041,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in RLJ Lodging Trust during the third quarter valued at about $112,000. Kemper Corp Master Retirement Trust increased its stake in RLJ Lodging Trust by 1.3% in the third quarter. Kemper Corp Master Retirement Trust now owns 6,000 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 75 shares in the last quarter. Acadian Asset Management LLC increased its stake in RLJ Lodging Trust by 3,206.5% in the third quarter. Acadian Asset Management LLC now owns 6,580 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 6,381 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in RLJ Lodging Trust during the third quarter valued at about $191,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in RLJ Lodging Trust by 18.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 9,700 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 1,500 shares in the last quarter.
Shares of RLJ Lodging Trust (NYSE:RLJ) opened at 22.36 on Friday. The stock has a market cap of $2.77 billion, a P/E ratio of 13.89 and a beta of 1.14. The company has a 50 day moving average price of $22.98 and a 200-day moving average price of $22.53. RLJ Lodging Trust has a 12 month low of $18.86 and a 12 month high of $25.10.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.40. RLJ Lodging Trust had a net margin of 17.07% and a return on equity of 9.15%. The company earned $271.45 million during the quarter, compared to analyst estimates of $268.79 million. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts predict that RLJ Lodging Trust will post $1.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.32 dividend on an annualized basis and a yield of 5.90%. RLJ Lodging Trust’s payout ratio is currently 83.02%.
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RLJ has been the topic of several recent research reports. Instinet initiated coverage on RLJ Lodging Trust in a research report on Wednesday, December 14th. They set a “buy” rating and a $28.00 target price on the stock. Nomura initiated coverage on RLJ Lodging Trust in a research report on Wednesday, December 14th. They set a “buy” rating and a $28.00 target price on the stock. Royal Bank of Canada restated a “buy” rating and set a $27.00 target price on shares of RLJ Lodging Trust in a research report on Tuesday, January 3rd. Canaccord Genuity restated a “hold” rating and set a $23.00 target price on shares of RLJ Lodging Trust in a research report on Wednesday, January 4th. Finally, Zacks Investment Research upgraded RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. RLJ Lodging Trust has a consensus rating of “Hold” and a consensus price target of $24.50.
RLJ Lodging Trust Company Profile
RLJ Lodging Trust is a real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. The Company owns approximately 130 hotels with over 20,900 rooms, located in approximately 20 states and the District of Columbia, and an interest in a mortgage loan secured by a hotel.
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