RLJ Lodging Trust (RLJ) Stake Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 10.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,714,612 shares of the real estate investment trust’s stock after purchasing an additional 252,725 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 1.55% of RLJ Lodging Trust worth $52,773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RLJ. Daiwa Securities Group Inc. boosted its stake in shares of RLJ Lodging Trust by 534.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,715,579 shares of the real estate investment trust’s stock valued at $81,632,000 after purchasing an additional 3,129,810 shares during the period. Cbre Clarion Securities LLC lifted its stake in RLJ Lodging Trust by 455.9% in the fourth quarter. Cbre Clarion Securities LLC now owns 472,314 shares of the real estate investment trust’s stock worth $10,377,000 after acquiring an additional 387,345 shares during the period. Millennium Management LLC lifted its stake in RLJ Lodging Trust by 253.9% in the fourth quarter. Millennium Management LLC now owns 436,643 shares of the real estate investment trust’s stock worth $9,593,000 after acquiring an additional 313,262 shares during the period. AXA lifted its stake in RLJ Lodging Trust by 81.0% in the fourth quarter. AXA now owns 581,854 shares of the real estate investment trust’s stock worth $12,783,000 after acquiring an additional 260,455 shares during the period. Finally, York Capital Management Global Advisors LLC lifted its stake in RLJ Lodging Trust by 67.0% in the fourth quarter. York Capital Management Global Advisors LLC now owns 637,768 shares of the real estate investment trust’s stock worth $14,012,000 after acquiring an additional 255,871 shares during the period.

RLJ has been the subject of a number of research reports. ValuEngine lowered shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Deutsche Bank upped their price objective on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. SunTrust Banks reaffirmed a “hold” rating on shares of RLJ Lodging Trust in a research note on Friday, March 2nd. Robert W. Baird set a $22.00 price objective on shares of RLJ Lodging Trust and gave the stock a “hold” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $23.18.

RLJ stock opened at $22.10 on Monday. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 1.86 and a beta of 1.14. RLJ Lodging Trust has a one year low of $18.67 and a one year high of $23.96. The company has a quick ratio of 3.06, a current ratio of 2.79 and a debt-to-equity ratio of 0.84.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Wednesday, May 9th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.38). The firm had revenue of $429.59 million for the quarter, compared to analysts’ expectations of $421.69 million. RLJ Lodging Trust had a net margin of 5.03% and a return on equity of 2.62%. The business’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. analysts predict that RLJ Lodging Trust will post 2.38 earnings per share for the current year.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 156 hotels with approximately 30,570 rooms, located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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

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