RLJ Lodging Trust (RLJ) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 44.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,314,734 shares of the real estate investment trust’s stock after buying an additional 712,425 shares during the quarter. Schwab Charles Investment Management Inc. owned about 1.86% of RLJ Lodging Trust worth $50,925,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in RLJ Lodging Trust by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 20,084,086 shares of the real estate investment trust’s stock valued at $399,071,000 after buying an additional 300,010 shares in the last quarter. BlackRock Inc. grew its holdings 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 valued at $243,529,000 after buying an additional 856,636 shares in the last quarter. Lasalle Investment Management Securities LLC grew its holdings in RLJ Lodging Trust by 6.6% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 7,289,174 shares of the real estate investment trust’s stock valued at $144,836,000 after buying an additional 451,443 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of RLJ Lodging Trust by 6.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,743,188 shares of the real estate investment trust’s stock worth $114,117,000 after purchasing an additional 331,184 shares during the period. Finally, State Street Corp boosted its holdings in shares of RLJ Lodging Trust by 2.4% in the 2nd quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock worth $96,267,000 after purchasing an additional 111,681 shares during the period. Institutional investors and hedge funds own 95.22% of the company’s stock.

RLJ Lodging Trust (NYSE RLJ) traded up $0.09 on Wednesday, reaching $21.51. The company had a trading volume of 1,281,600 shares, compared to its average volume of 1,541,714. RLJ Lodging Trust has a one year low of $19.12 and a one year high of $25.10. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.90. The stock has a market cap of $3,746.57, a PE ratio of 8.78, a P/E/G ratio of 1.86 and a beta of 1.13.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $347.74 million. During the same quarter in the previous year, the business earned $0.69 EPS. RLJ Lodging Trust’s revenue was up 15.2% compared to the same quarter last year. sell-side analysts anticipate that RLJ Lodging Trust will post 2.31 EPS for the current fiscal year.

A number of equities analysts have recently commented on RLJ shares. Robert W. Baird set a $23.00 target price on RLJ Lodging Trust and gave the stock a “hold” rating in a report on Sunday, October 29th. Barclays started coverage on RLJ Lodging Trust in a report on Friday, October 6th. They issued an “equal weight” rating and a $24.00 target price for the company. Deutsche Bank started coverage on RLJ Lodging Trust in a report on Tuesday, September 19th. They issued a “hold” rating and a $22.00 target price for the company. ValuEngine upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Wells Fargo & Company upgraded RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price 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.

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

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