Anchor Capital Advisors LLC Acquires Shares of 17,562 RLJ Lodging Trust (RLJ)
Anchor Capital Advisors LLC acquired a new position in shares of RLJ Lodging Trust (NYSE:RLJ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,562 shares of the real estate investment trust’s stock, valued at approximately $386,000.
Other hedge funds have also recently modified their holdings of the company. Paragon Capital Management Ltd purchased a new position in shares of RLJ Lodging Trust during the second quarter worth about $208,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of RLJ Lodging Trust during the second quarter worth about $214,000. Denver Investment Advisors LLC grew its holdings in shares of RLJ Lodging Trust by 0.9% during the second quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 100 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in RLJ Lodging Trust by 13.1% in the second quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,300 shares during the period. Finally, Utah Retirement Systems lifted its position in RLJ Lodging Trust by 2.6% in the second quarter. Utah Retirement Systems now owns 11,707 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 300 shares during the period.
In other news, Director Nathaniel A. Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total transaction of $201,100.00. Following the completion of the transaction, the director now directly owns 72,928 shares of the company’s stock, valued at approximately $1,466,582.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.
Shares of RLJ Lodging Trust (NYSE:RLJ) traded down $0.23 on Wednesday, hitting $20.70. 1,223,800 shares of the stock were exchanged, compared to its average volume of 1,558,114. 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 has a fifty-two week low of $19.12 and a fifty-two week high of $25.10. The stock has a market cap of $2,608.69, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.81 and a beta of 1.14.
RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The business had revenue of $341.26 million during the quarter, compared to analysts’ expectations of $347.74 million. During the same period last year, the company posted $0.69 EPS. The company’s revenue was up 15.2% on a year-over-year basis. equities analysts expect that RLJ Lodging Trust will post 2.31 earnings per share for the current year.
RLJ has been the subject of a number of recent analyst reports. SunTrust Banks, Inc. initiated coverage on shares of RLJ Lodging Trust in a research report on Thursday, October 19th. They issued a “hold” rating and a $22.00 price objective for the company. Barclays PLC initiated coverage on shares of RLJ Lodging Trust in a research report on Friday, October 6th. They issued an “equal weight” rating and a $24.00 price objective for the company. Robert W. Baird set a $23.00 price objective on shares of RLJ Lodging Trust and gave the company a “hold” rating in a research report on Sunday, October 29th. ValuEngine upgraded shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.00.
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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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