Bowling Portfolio Management LLC boosted its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 34.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,643 shares of the real estate investment trust’s stock after acquiring an additional 18,083 shares during the period. Bowling Portfolio Management LLC’s holdings in RLJ Lodging Trust were worth $1,552,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RLJ. Principal Financial Group Inc. increased its stake in RLJ Lodging Trust by 6.8% during the 2nd quarter. Principal Financial Group Inc. now owns 23,109 shares of the real estate investment trust’s stock worth $459,000 after acquiring an additional 1,465 shares during the period. Wells Fargo & Company MN increased its stake in RLJ Lodging Trust by 34.2% during the 2nd quarter. Wells Fargo & Company MN now owns 773,287 shares of the real estate investment trust’s stock worth $15,365,000 after acquiring an additional 196,854 shares during the period. Nationwide Fund Advisors increased its stake in RLJ Lodging Trust by 50.1% during the 2nd quarter. Nationwide Fund Advisors now owns 155,482 shares of the real estate investment trust’s stock worth $3,089,000 after acquiring an additional 51,866 shares during the period. BlackRock Inc. increased its stake in RLJ Lodging Trust by 7.5% during the 2nd quarter. BlackRock Inc. now owns 12,256,164 shares of the real estate investment trust’s stock worth $243,529,000 after acquiring an additional 856,636 shares during the period. Finally, Amalgamated Bank increased its stake in 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 acquiring an additional 248 shares during the period. Hedge funds and other institutional investors own 94.29% of the company’s stock.

Shares of RLJ Lodging Trust (NYSE:RLJ) opened at $23.57 on Thursday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.90. RLJ Lodging Trust has a twelve month low of $19.12 and a twelve month high of $24.60. The firm has a market capitalization of $4,120.00, a price-to-earnings ratio of 31.01, a P/E/G ratio of 1.91 and a beta of 1.13.

RLJ Lodging Trust (NYSE:RLJ) last released 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. 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 for the quarter, compared to the consensus estimate of $347.74 million. During the same quarter last year, the business posted $0.69 EPS. RLJ Lodging Trust’s revenue for the quarter was up 15.2% on a year-over-year basis. research analysts forecast that RLJ Lodging Trust will post 2.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a dividend of $0.33 per share. This is an increase from RLJ Lodging Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.32 annualized dividend and a dividend yield of 5.60%. RLJ Lodging Trust’s dividend payout ratio (DPR) is 173.68%.

A number of brokerages have weighed in on RLJ. Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Robert W. Baird reaffirmed a “hold” rating on shares of RLJ Lodging Trust in a report on Thursday, December 21st. KeyCorp raised RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Tuesday, December 19th. ValuEngine raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, TheStreet downgraded RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. RLJ Lodging Trust presently has a consensus rating of “Hold” and an average target price of $23.36.

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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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