Honeywell International Inc. Has $1.55 Million Stake in RLJ Lodging Trust (RLJ)
Honeywell International Inc. lifted its stake in RLJ Lodging Trust (NYSE:RLJ) by 116.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,284 shares of the real estate investment trust’s stock after purchasing an additional 37,784 shares during the period. Honeywell International Inc. owned 0.06% of RLJ Lodging Trust worth $1,546,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in RLJ Lodging Trust by 8.0% in the 1st quarter. SG Americas Securities LLC now owns 8,332 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 615 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in RLJ Lodging Trust in the 2nd quarter worth $208,000. New York State Teachers Retirement System increased its stake in RLJ Lodging Trust by 0.9% in the 1st quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 100 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in RLJ Lodging Trust in the 2nd quarter worth $214,000. Finally, Denver Investment Advisors LLC increased its stake 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 worth $219,000 after buying an additional 100 shares in the last quarter.
A number of equities research analysts have issued reports on the company. 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. Royal Bank Of Canada reiterated a “buy” rating and issued a $25.00 price target on shares of RLJ Lodging Trust in a research note on Friday, August 4th. Boenning Scattergood set a $20.00 price target on RLJ Lodging Trust and gave the stock a “sell” rating in a research note on Monday, August 7th. Canaccord Genuity reiterated a “hold” rating and issued a $21.00 price target on shares of RLJ Lodging Trust in a research note on Monday, August 7th. Finally, Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.00.
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In other RLJ Lodging Trust news, Director Forgia Robert M. La acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of $19.73 per share, with a total value of $98,650.00. Following the purchase, the director now owns 37,528 shares in the company, valued at $740,427.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nathaniel A. Davis sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total transaction of $201,100.00. Following the sale, the director now directly owns 72,928 shares of the company’s stock, valued at approximately $1,466,582.08. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
RLJ Lodging Trust (RLJ) traded up 0.211% on Tuesday, hitting $21.355. 210,160 shares of the company’s stock traded hands. RLJ Lodging Trust has a one year low of $18.92 and a one year high of $25.10. The stock has a 50-day moving average of $21.89 and a 200-day moving average of $21.02. The stock has a market cap of $2.64 billion, a PE ratio of 14.728 and a beta of 1.17.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.16%. The company had revenue of $292.28 million during the quarter, compared to analysts’ expectations of $293.16 million. During the same quarter in the prior year, the company earned $0.82 EPS. RLJ Lodging Trust’s revenue was down 7.8% compared to the same quarter last year. On average, equities analysts forecast that RLJ Lodging Trust will post $0.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.44 annualized dividend and a yield of 2.06%. RLJ Lodging Trust’s dividend payout ratio is presently 30.34%.
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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