Bank of New York Mellon Corp Has $8.47 Million Stake in RLJ Lodging Trust (NYSE:RLJ)

Bank of New York Mellon Corp lifted its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 829,251 shares of the real estate investment trust’s stock after buying an additional 14,660 shares during the quarter. Bank of New York Mellon Corp owned about 0.54% of RLJ Lodging Trust worth $8,467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of RLJ. Handelsbanken Fonder AB lifted its holdings in shares of RLJ Lodging Trust by 21.8% in the 4th quarter. Handelsbanken Fonder AB now owns 47,441 shares of the real estate investment trust’s stock worth $484,000 after purchasing an additional 8,500 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of RLJ Lodging Trust by 28.0% in the 4th quarter. New York State Common Retirement Fund now owns 985,899 shares of the real estate investment trust’s stock worth $10,066,000 after purchasing an additional 215,504 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of RLJ Lodging Trust in the 4th quarter worth $277,000. Rhumbline Advisers lifted its holdings in shares of RLJ Lodging Trust by 0.5% in the 4th quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust’s stock worth $2,888,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of RLJ Lodging Trust in the 4th quarter worth $355,000. Institutional investors and hedge funds own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RLJ shares. StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Wells Fargo & Company cut 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, RLJ Lodging Trust has a consensus rating of “Hold” and a consensus target price of $10.79.

RLJ Lodging Trust Price Performance

Shares of NYSE:RLJ opened at $8.74 on Friday. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. The stock’s fifty day simple moving average is $9.60 and its two-hundred day simple moving average is $9.62. RLJ Lodging Trust has a 1-year low of $8.46 and a 1-year high of $12.13. The stock has a market cap of $1.33 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.87 and a beta of 1.69.

RLJ Lodging Trust (NYSE:RLJ) last issued 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. The business had revenue of $329.99 million for the quarter, compared to analysts’ expectations of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. As a group, analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.86%. RLJ Lodging Trust’s payout ratio is 222.22%.

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 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.