Dean Investment Associates LLC Invests $559,000 in RLJ Lodging Trust (RLJ)
Dean Investment Associates LLC acquired a new stake in RLJ Lodging Trust (NYSE:RLJ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,429 shares of the real estate investment trust’s stock, valued at approximately $559,000.
Several other institutional investors have also recently made changes to their positions in the company. Eii Capital Management Inc. acquired a new stake in shares of RLJ Lodging Trust in the third quarter valued at $623,000. Ameritas Investment Partners Inc. lifted its holdings in shares of RLJ Lodging Trust by 38.0% in the third quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 4,002 shares during the period. Sterling Capital Management LLC acquired a new stake in shares of RLJ Lodging Trust in the third quarter valued at $1,606,000. California Public Employees Retirement System lifted its holdings in shares of RLJ Lodging Trust by 34.7% in the third quarter. California Public Employees Retirement System now owns 518,073 shares of the real estate investment trust’s stock valued at $11,398,000 after buying an additional 133,473 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of RLJ Lodging Trust by 21.8% in the third quarter. Cubist Systematic Strategies LLC now owns 50,257 shares of the real estate investment trust’s stock valued at $1,106,000 after buying an additional 8,992 shares during the period. Institutional investors and hedge funds own 95.22% of the company’s stock.
Several equities research analysts have recently commented on RLJ shares. ValuEngine downgraded RLJ Lodging Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Canaccord Genuity raised RLJ Lodging Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $21.00 to $23.00 in a report on Friday, September 8th. Deutsche Bank started coverage on RLJ Lodging Trust in a report on Tuesday, September 19th. They set a “hold” rating and a $22.00 target price for the company. Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Finally, Wells Fargo & Company raised RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a report on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $23.20.
Shares of RLJ Lodging Trust (NYSE:RLJ) traded up $0.10 during midday trading on Friday, hitting $21.63. The stock had a trading volume of 894,200 shares, compared to its average volume of 1,532,063. RLJ Lodging Trust has a twelve month low of $19.12 and a twelve month high of $25.01. The stock has a market capitalization of $3,765.81, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06.
RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $341.26 million during the quarter, compared to the consensus estimate of $347.74 million. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. RLJ Lodging Trust’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. research analysts anticipate that RLJ Lodging Trust will post 2.27 earnings per share for the current fiscal year.
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About RLJ Lodging Trust
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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