Wells Fargo & Company MN increased its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622,656 shares of the real estate investment trust’s stock after buying an additional 41,896 shares during the period. Wells Fargo & Company MN owned approximately 0.50% of RLJ Lodging Trust worth $13,094,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RLJ. Hillsdale Investment Management Inc. bought a new stake in RLJ Lodging Trust during the second quarter worth about $109,000. BNP Paribas Arbitrage SA raised its position in shares of RLJ Lodging Trust by 5,849.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,890 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 5,791 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of RLJ Lodging Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,270 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 20 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of RLJ Lodging Trust by 3,206.5% in the third quarter. Acadian Asset Management LLC now owns 6,580 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 6,381 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of RLJ Lodging Trust during the second quarter worth $176,000.

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

Shares of RLJ Lodging Trust (NYSE:RLJ) traded down 0.31% during mid-day trading on Monday, reaching $22.26. The company had a trading volume of 472,163 shares. RLJ Lodging Trust has a 52-week low of $16.15 and a 52-week high of $24.75. The stock has a market capitalization of $2.75 billion, a P/E ratio of 14.01 and a beta of 1.07. The company’s 50-day moving average is $20.83 and its 200 day moving average is $21.72.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.01. The business earned $296.30 million during the quarter, compared to analyst estimates of $297.13 million. RLJ Lodging Trust had a return on equity of 9.15% and a net margin of 17.07%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. Analysts anticipate that RLJ Lodging Trust will post $1.20 EPS for the current fiscal year.

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A number of brokerages have weighed in on RLJ. Janney Montgomery Scott reissued a “buy” rating and set a $23.00 price target (down previously from $24.00) on shares of RLJ Lodging Trust in a research note on Monday, November 7th. Canaccord Genuity reissued a “hold” rating and set a $21.00 price target on shares of RLJ Lodging Trust in a research note on Friday, November 4th. Zacks Investment Research lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 20th. TheStreet lowered RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Finally, Robert W. Baird lowered RLJ Lodging Trust from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $24.00 in a research note on Monday, August 8th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. RLJ Lodging Trust has a consensus rating of “Hold” and a consensus price target of $23.56.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. The Company owns approximately 130 hotels with over 20,900 rooms, located in approximately 20 states and the District of Columbia, and an interest in a mortgage loan secured by a hotel.

5 Day Chart for NYSE:RLJ

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