10,636 Shares in RLJ Lodging Trust (RLJ) Acquired by Truvestments Capital LLC

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Truvestments Capital LLC acquired a new position in shares of RLJ Lodging Trust (NYSE:RLJ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,636 shares of the real estate investment trust’s stock, valued at approximately $235,000.

A number of other institutional investors have also recently added to or reduced their stakes in RLJ. SG Americas Securities LLC increased its position in RLJ Lodging Trust by 97.0% during the first quarter. SG Americas Securities LLC now owns 26,501 shares of the real estate investment trust’s stock worth $515,000 after purchasing an additional 13,049 shares during the last quarter. Swiss National Bank increased its position in shares of RLJ Lodging Trust by 2.2% during the first quarter. Swiss National Bank now owns 304,258 shares of the real estate investment trust’s stock valued at $5,915,000 after acquiring an additional 6,500 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of RLJ Lodging Trust by 72.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 17,649 shares of the real estate investment trust’s stock valued at $343,000 after acquiring an additional 7,421 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of RLJ Lodging Trust by 2.5% during the first quarter. Natixis Advisors L.P. now owns 145,313 shares of the real estate investment trust’s stock valued at $2,825,000 after acquiring an additional 3,544 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of RLJ Lodging Trust by 5.9% during the first quarter. Great West Life Assurance Co. Can now owns 137,388 shares of the real estate investment trust’s stock valued at $2,672,000 after acquiring an additional 7,704 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

A number of equities research analysts have weighed in on RLJ shares. Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 16th. ValuEngine cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. TheStreet raised shares of RLJ Lodging Trust from a “c+” rating to a “b-” rating in a research note on Tuesday, September 25th. Robert W. Baird raised shares of RLJ Lodging Trust from a “neutral” rating to an “outperform” rating in a research note on Friday, September 21st. Finally, Bank of America lowered their price objective on shares of RLJ Lodging Trust from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, October 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. RLJ Lodging Trust has a consensus rating of “Hold” and a consensus target price of $22.57.

RLJ Lodging Trust stock traded down $0.23 during trading on Friday, reaching $19.72. The stock had a trading volume of 1,238,336 shares, compared to its average volume of 1,248,124. RLJ Lodging Trust has a 52-week low of $18.67 and a 52-week high of $23.97. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $3.86 billion, a P/E ratio of 8.22, a P/E/G ratio of 1.94 and a beta of 1.11.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.40). The firm had revenue of $484.69 million during the quarter, compared to analysts’ expectations of $488.62 million. RLJ Lodging Trust had a return on equity of 3.11% and a net margin of 5.72%. As a group, research analysts anticipate that RLJ Lodging Trust will post 2.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.69%. RLJ Lodging Trust’s payout ratio is 55.00%.

About RLJ Lodging Trust

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 154 hotels with approximately 30,000 rooms located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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Institutional Ownership by Quarter for RLJ Lodging Trust (NYSE:RLJ)

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