Pendal Group Ltd lessened its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,400 shares of the real estate investment trust’s stock after selling 3,800 shares during the period. Pendal Group Ltd’s holdings in RLJ Lodging Trust were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in RLJ Lodging Trust by 1.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,187,563 shares of the real estate investment trust’s stock valued at $136,312,000 after purchasing an additional 64,522 shares during the last quarter. Northern Trust Corp lifted its stake in RLJ Lodging Trust by 1.4% in the 2nd quarter. Northern Trust Corp now owns 3,113,003 shares of the real estate investment trust’s stock valued at $68,642,000 after purchasing an additional 43,412 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in RLJ Lodging Trust by 5.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,856,819 shares of the real estate investment trust’s stock valued at $62,993,000 after purchasing an additional 142,207 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in RLJ Lodging Trust by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,815,004 shares of the real estate investment trust’s stock valued at $62,070,000 after purchasing an additional 42,928 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its stake in RLJ Lodging Trust by 3.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,207,868 shares of the real estate investment trust’s stock valued at $48,639,000 after purchasing an additional 83,800 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

Several equities analysts recently commented on RLJ shares. Bank of America dropped 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. TheStreet raised shares of RLJ Lodging Trust from a “c+” rating to a “b-” rating in a research note on Tuesday, September 25th. Zacks Investment Research raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. 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, Wells Fargo & Co downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.50.

RLJ stock opened at $20.04 on Friday. The firm has a market cap of $3.51 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.14. 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.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.17). The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $450.68 million. RLJ Lodging Trust had a net margin of 9.23% and a return on equity of 5.35%. RLJ Lodging Trust’s revenue was up 31.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. On average, research analysts predict that RLJ Lodging Trust will post 2.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.59%. The ex-dividend date was Thursday, September 27th. RLJ Lodging Trust’s payout ratio is currently 55.00%.

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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 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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