Schwab Charles Investment Management Inc. grew its holdings in RLJ Lodging Trust (NYSE:RLJ) by 11.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,602,309 shares of the real estate investment trust’s stock after buying an additional 165,479 shares during the period. Schwab Charles Investment Management Inc. owned 1.29% of RLJ Lodging Trust worth $31,838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RLJ. Bronfman E.L. Rothschild L.P. raised its position in shares of RLJ Lodging Trust by 385.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,657 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 3,697 shares during the last quarter. SG Americas Securities LLC raised its position in shares of RLJ Lodging Trust by 8.0% in the first quarter. SG Americas Securities LLC now owns 8,332 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 615 shares during the last quarter. Paragon Capital Management Ltd acquired a new stake in shares of RLJ Lodging Trust in the second quarter valued at about $208,000. Daiwa Securities Group Inc. raised its position in shares of RLJ Lodging Trust by 13.1% in the second quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,300 shares during the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of RLJ Lodging Trust by 0.9% in the first quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 100 shares during the last quarter.

Shares of RLJ Lodging Trust (RLJ) opened at 21.72 on Thursday. The company has a 50 day moving average of $20.34 and a 200-day moving average of $21.25. RLJ Lodging Trust has a one year low of $18.92 and a one year high of $25.10. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 14.98 and a beta of 1.17.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. The business had revenue of $292.28 million during the quarter, compared to the consensus estimate of $293.16 million. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The business’s revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS. On average, analysts anticipate that RLJ Lodging Trust will post $0.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Monday, August 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 60.69%.

RLJ has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $25.00 target price on shares of RLJ Lodging Trust in a research report on Friday, August 4th. Janney Montgomery Scott reiterated a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of RLJ Lodging Trust in a research report on Monday, June 5th. ValuEngine cut shares of RLJ Lodging Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Canaccord Genuity upgraded shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $21.00 to $23.00 in a research report on Friday, September 8th. Finally, Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.44.

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In other news, Director Forgia Robert M. La bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $19.73 per share, with a total value of $98,650.00. Following the purchase, the director now owns 37,528 shares of the company’s stock, valued at approximately $740,427.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nathaniel A. Davis sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total transaction of $201,100.00. Following the completion of the transaction, the director now directly owns 72,928 shares of the company’s stock, valued at approximately $1,466,582.08. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

RLJ Lodging Trust Profile

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.

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

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