Rhumbline Advisers Has $2.89 Million Position in RLJ Lodging Trust (NYSE:RLJ)

Rhumbline Advisers boosted its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 282,846 shares of the real estate investment trust’s stock after acquiring an additional 1,320 shares during the period. Rhumbline Advisers owned 0.18% of RLJ Lodging Trust worth $2,888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of RLJ Lodging Trust by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,564 shares during the period. Ground Swell Capital LLC acquired a new stake in RLJ Lodging Trust during the third quarter worth about $93,000. Aigen Investment Management LP bought a new position in RLJ Lodging Trust in the 3rd quarter valued at about $107,000. Metis Global Partners LLC raised its position in shares of RLJ Lodging Trust by 31.0% in the 3rd quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 3,738 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of RLJ Lodging Trust during the 3rd quarter worth approximately $275,000. 92.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RLJ has been the topic of a number of recent analyst reports. StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Wells Fargo & Company reduced their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a report on Tuesday, February 18th. Finally, Oppenheimer boosted their price target on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, RLJ Lodging Trust currently has a consensus rating of “Hold” and an average price target of $10.79.

RLJ Lodging Trust Stock Performance

Shares of RLJ Lodging Trust stock opened at $9.22 on Friday. The company’s 50 day moving average price is $9.79 and its two-hundred day moving average price is $9.63. The firm has a market capitalization of $1.41 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.87 and a beta of 1.68. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. RLJ Lodging Trust has a fifty-two week low of $8.74 and a fifty-two week high of $12.39.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The company had revenue of $329.99 million for the quarter, compared to the consensus estimate of $324.66 million. On average, equities analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend was Tuesday, December 31st. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 222.22%.

RLJ Lodging Trust Company Profile

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 currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.