Alpha Windward LLC purchased a new stake in shares of RLJ Lodging Trust (NYSE:RLJ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,593 shares of the real estate investment trust’s stock, valued at approximately $562,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Amalgamated Bank lifted its position 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 valued at $310,000 after buying an additional 248 shares during the last quarter. Global Endowment Management LP lifted its position 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 valued at $2,164,000 after buying an additional 800 shares during the last quarter. Thrivent Financial For Lutherans lifted its position 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 valued at $967,000 after buying an additional 800 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of RLJ Lodging Trust by 6.8% in the second quarter. Principal Financial Group Inc. now owns 23,109 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 1,465 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of RLJ Lodging Trust by 0.7% in the second quarter. California Public Employees Retirement System now owns 384,600 shares of the real estate investment trust’s stock valued at $7,642,000 after buying an additional 2,500 shares during the last quarter. 95.20% of the stock is owned by hedge funds and other institutional investors.

RLJ has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a “hold” rating and issued a $23.00 price objective on shares of RLJ Lodging Trust in a research report on Thursday, September 21st. ValuEngine raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Barclays initiated coverage on RLJ Lodging Trust in a research report on Friday, October 6th. They issued an “equal weight” rating and a $24.00 price objective for the company. SunTrust Banks initiated coverage on RLJ Lodging Trust in a research report on Thursday, October 19th. They issued a “hold” rating and a $22.00 price objective for the company. Finally, TheStreet cut RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.36.

Shares of RLJ Lodging Trust (NYSE:RLJ) opened at $22.72 on Thursday. The firm has a market capitalization of $3,872.51, a P/E ratio of 20.11, a P/E/G ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06. RLJ Lodging Trust has a fifty-two week low of $19.12 and a fifty-two week high of $24.60.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The business had revenue of $341.26 million during the quarter, compared to analysts’ expectations of $347.74 million. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. analysts predict that RLJ Lodging Trust will post 2.27 earnings per share for the current year.

The company also recently declared 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 a boost from RLJ Lodging Trust’s previous quarterly dividend of $0.22. This represents a $1.32 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend was Thursday, December 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 116.82%.

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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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