RLJ Lodging Trust (RLJ) Shares Bought by Dupont Capital Management Corp
Dupont Capital Management Corp increased its stake in RLJ Lodging Trust (NYSE:RLJ) by 77.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,403 shares of the real estate investment trust’s stock after buying an additional 5,412 shares during the period. Dupont Capital Management Corp’s holdings in RLJ Lodging Trust were worth $246,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. James Investment Research Inc. bought a new stake in shares of RLJ Lodging Trust during the first quarter valued at approximately $144,000. ProShare Advisors LLC raised its stake in shares of RLJ Lodging Trust by 61.3% in the first quarter. ProShare Advisors LLC now owns 85,074 shares of the real estate investment trust’s stock valued at $1,137,000 after buying an additional 32,339 shares during the period. Russell Investments Group Ltd. raised its stake in shares of RLJ Lodging Trust by 0.3% in the first quarter. Russell Investments Group Ltd. now owns 241,474 shares of the real estate investment trust’s stock valued at $5,677,000 after buying an additional 645 shares during the period. Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of RLJ Lodging Trust during the first quarter valued at approximately $2,371,000. Finally, Adams Diversified Equity Fund Inc. raised its stake in shares of RLJ Lodging Trust by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 43,500 shares of the real estate investment trust’s stock valued at $1,023,000 after buying an additional 1,200 shares during the period.
RLJ Lodging Trust (NYSE:RLJ) opened at 19.91 on Wednesday. The stock’s 50 day moving average is $20.25 and its 200 day moving average is $21.51. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 13.73 and a beta of 1.16. RLJ Lodging Trust has a 12-month low of $18.92 and a 12-month high of $25.10.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 EPS for the quarter, topping the consensus estimate of $0.68 by $0.03. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.16%. The company had revenue of $292.28 million during the quarter, compared to analysts’ expectations of $293.16 million. During the same quarter in the previous year, the business posted $0.82 EPS. The firm’s revenue was down 7.8% on a year-over-year basis. Equities analysts predict that RLJ Lodging Trust will post $0.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Monday, August 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 91.03%.
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Several analysts have commented on RLJ shares. ValuEngine upgraded shares of RLJ Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 20th. Janney Montgomery Scott restated a “buy” rating and issued a $28.00 price objective (up from $26.00) on shares of RLJ Lodging Trust in a report on Monday, June 5th. Boenning Scattergood restated a “sell” rating and issued a $19.50 price objective on shares of RLJ Lodging Trust in a report on Wednesday, June 14th. BidaskClub lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. RLJ Lodging Trust presently has an average rating of “Hold” and a consensus target price of $24.38.
In other news, Director Forgia Robert M. La purchased 5,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was bought at an average price of $19.73 per share, for a total transaction of $98,650.00. Following the acquisition, the director now directly owns 37,528 shares of the company’s stock, valued at approximately $740,427.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.
RLJ Lodging Trust Company 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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