First Allied Advisory Services Inc. reduced its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,545 shares of the real estate investment trust’s stock after selling 3,762 shares during the quarter. First Allied Advisory Services Inc. owned about 0.19% of RLJ Lodging Trust worth $5,184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ffcm LLC grew its stake in RLJ Lodging Trust by 1,105.3% during the 3rd quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 5,040 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in RLJ Lodging Trust during the 3rd quarter worth $225,000. Cornerstone Capital Management Holdings LLC. bought a new position in RLJ Lodging Trust during the 2nd quarter worth $214,000. Denver Investment Advisors LLC grew its stake in 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 buying an additional 100 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in RLJ Lodging Trust by 13.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 95.22% of the company’s stock.

Shares of RLJ Lodging Trust (NYSE RLJ) traded up $0.38 during trading on Friday, hitting $21.74. The stock had a trading volume of 1,766,200 shares, compared to its average volume of 1,539,142. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market capitalization of $3,736.08, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13. RLJ Lodging Trust has a twelve month low of $19.12 and a twelve month high of $25.10.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The business had revenue of $341.26 million during the quarter, compared to analyst estimates of $347.74 million. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. equities research analysts expect that RLJ Lodging Trust will post 2.31 EPS for the current year.

A number of brokerages have issued reports on RLJ. ValuEngine lowered RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Bank of America began coverage on RLJ Lodging Trust in a research report on Monday, August 14th. They set a “neutral” rating and a $22.00 price target for the company. Canaccord Genuity upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $23.00 in a research report on Friday, September 8th. Deutsche Bank began coverage on RLJ Lodging Trust in a research report on Tuesday, September 19th. They set a “hold” rating and a $22.00 price target for the company. Finally, Zacks Investment Research lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.00.

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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.

Institutional Ownership by Quarter for RLJ Lodging Trust (NYSE:RLJ)

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