Stevens Capital Management LP lifted its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 114.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,382 shares of the real estate investment trust’s stock after purchasing an additional 33,248 shares during the period. Stevens Capital Management LP owned 0.05% of RLJ Lodging Trust worth $1,240,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. New York State Teachers Retirement System boosted its holdings in shares of RLJ Lodging Trust by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 100 shares during the last quarter. Denver Investment Advisors LLC boosted its holdings in shares of RLJ Lodging Trust by 0.9% during the 2nd quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of RLJ Lodging Trust by 1.6% during the 2nd quarter. Amalgamated Bank now owns 15,581 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 248 shares during the last quarter. Utah Retirement Systems boosted its holdings in shares of RLJ Lodging Trust by 2.6% during the 2nd quarter. Utah Retirement Systems now owns 11,707 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of RLJ Lodging Trust by 8.0% during the 1st quarter. SG Americas Securities LLC now owns 8,332 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 615 shares during the last quarter.

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In other news, Director Forgia Robert M. La bought 5,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was purchased at an average cost 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 $740,427.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nathaniel A. Davis sold 10,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $20.11, for a total transaction of $201,100.00. Following the completion of the sale, the director now directly owns 72,928 shares of the company’s stock, valued at $1,466,582.08. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

RLJ has been the topic of several recent research reports. Janney Montgomery Scott restated a “buy” rating and set a $28.00 target price (up from $26.00) on shares of RLJ Lodging Trust in a report on Monday, June 5th. Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and set a $25.00 target price on shares of RLJ Lodging Trust in a report on Friday, August 4th. Finally, Boenning Scattergood set a $20.00 target price on RLJ Lodging Trust and gave the stock a “sell” rating in a report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.09.

RLJ Lodging Trust (NYSE RLJ) opened at 21.80 on Friday. The company has a 50-day moving average price of $20.42 and a 200-day moving average price of $21.20. The firm has a market capitalization of $2.70 billion, a PE ratio of 15.03 and a beta of 1.17. 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 released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The firm had revenue of $292.28 million during the quarter, compared to analysts’ expectations of $293.16 million. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.16%. RLJ Lodging Trust’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. On average, analysts predict that RLJ Lodging Trust will post $1.19 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, August 28th. This represents a $0.88 annualized dividend and a yield of 4.04%. RLJ Lodging Trust’s payout ratio is currently 60.69%.

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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