Rhumbline Advisers lifted its holdings in RLJ Lodging Trust (NYSE:RLJ) by 41.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,039 shares of the real estate investment trust’s stock after purchasing an additional 75,745 shares during the quarter. Rhumbline Advisers owned 0.21% of RLJ Lodging Trust worth $5,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Denver Investment Advisors LLC raised its stake in shares of RLJ Lodging Trust by 0.9% in the second 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 raised its stake in shares of RLJ Lodging Trust by 1.6% in the second 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 raised its stake in shares of 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 worth $233,000 after purchasing an additional 300 shares during the last quarter. Global Endowment Management LP raised its stake in shares of RLJ Lodging Trust by 0.7% in the second quarter. Global Endowment Management LP now owns 108,910 shares of the real estate investment trust’s stock worth $2,164,000 after purchasing an additional 800 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of RLJ Lodging Trust by 1.7% in the second quarter. Thrivent Financial For Lutherans now owns 48,660 shares of the real estate investment trust’s stock worth $967,000 after purchasing an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Shares of RLJ Lodging Trust (NYSE:RLJ) traded down $0.16 on Friday, hitting $21.52. The company had a trading volume of 1,548,396 shares, compared to its average volume of 1,212,112. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.90. RLJ Lodging Trust has a one year low of $19.12 and a one year high of $25.10. The company has a market capitalization of $3,792.05, a price-to-earnings ratio of 8.89, a P/E/G ratio of 1.88 and a beta of 1.13.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, topping 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 company had revenue of $341.26 million during the quarter, compared to analyst estimates of $347.74 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. RLJ Lodging Trust’s revenue was up 15.2% compared to the same quarter last year. research analysts anticipate that RLJ Lodging Trust will post 2.31 earnings per share for the current fiscal year.

In related 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 sale, the director now owns 72,928 shares of the company’s stock, valued at $1,466,582.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Several research firms have recently weighed in on RLJ. ValuEngine upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet cut RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Robert W. Baird set a $23.00 price target on RLJ Lodging Trust and gave the stock a “hold” rating in a research note on Sunday, October 29th. SunTrust Banks began coverage on RLJ Lodging Trust in a research note on Thursday, October 19th. They issued a “hold” rating and a $22.00 price target for the company. Finally, Barclays began coverage on RLJ Lodging Trust in a research note on Friday, October 6th. They issued an “equal weight” rating and a $24.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for RLJ Lodging Trust (NYSE:RLJ)

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