Teacher Retirement System of Texas Has $5.55 Million Stake in RLJ Lodging Trust (RLJ)
Teacher Retirement System of Texas raised its holdings in RLJ Lodging Trust (NYSE:RLJ) by 1.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 252,236 shares of the real estate investment trust’s stock after buying an additional 4,425 shares during the quarter. Teacher Retirement System of Texas owned 0.20% of RLJ Lodging Trust worth $5,549,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Paragon Capital Management Ltd acquired a new stake in RLJ Lodging Trust in the 2nd quarter valued at approximately $208,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in RLJ Lodging Trust in the 2nd quarter valued at approximately $214,000. Denver Investment Advisors LLC grew its holdings in RLJ Lodging Trust by 0.9% in the 2nd quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 100 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in RLJ Lodging Trust by 13.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,300 shares during the last quarter. Finally, Utah Retirement Systems grew its holdings in RLJ Lodging Trust by 2.6% in the 2nd quarter. Utah Retirement Systems now owns 11,707 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 300 shares during the last quarter.
RLJ Lodging Trust (RLJ) opened at $20.96 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 2.06. RLJ Lodging Trust has a 52-week low of $19.12 and a 52-week high of $25.10. The stock has a market capitalization of $2,612.43, a price-to-earnings ratio of 8.59, 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The firm had revenue of $341.26 million during the quarter, compared to the consensus estimate of $347.74 million. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. equities research analysts expect that RLJ Lodging Trust will post 2.31 earnings per share for the current year.
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Several analysts have recently weighed in on RLJ shares. Canaccord Genuity raised RLJ Lodging Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $23.00 in a report on Friday, September 8th. ValuEngine raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $25.00 price objective on shares of RLJ Lodging Trust in a report on Friday, August 4th. TheStreet lowered RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Finally, Barclays PLC started coverage on RLJ Lodging Trust in a report on Friday, October 6th. They set an “equal weight” rating and a $24.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. RLJ Lodging Trust has an average rating of “Hold” and an average target price of $24.00.
In other RLJ Lodging Trust news, Director Nathaniel A. Davis sold 10,000 shares of RLJ Lodging Trust stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $20.11, for a total value of $201,100.00. Following the completion of the transaction, the director now owns 72,928 shares in the company, valued at approximately $1,466,582.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.30% of the company’s stock.
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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