Quantinno Capital Management LP Has $953,000 Stake in RLJ Lodging Trust $RLJ

Quantinno Capital Management LP boosted its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 123.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,442 shares of the real estate investment trust’s stock after acquiring an additional 70,834 shares during the quarter. Quantinno Capital Management LP’s holdings in RLJ Lodging Trust were worth $953,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RLJ. Sei Investments Co. increased its stake in shares of RLJ Lodging Trust by 122.5% during the 1st quarter. Sei Investments Co. now owns 251,168 shares of the real estate investment trust’s stock worth $1,864,000 after purchasing an additional 138,259 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of RLJ Lodging Trust by 35.1% in the 1st quarter. Hsbc Holdings PLC now owns 319,926 shares of the real estate investment trust’s stock valued at $2,375,000 after purchasing an additional 83,086 shares during the period. Aegis Financial Corp lifted its stake in RLJ Lodging Trust by 57.2% in the 1st quarter. Aegis Financial Corp now owns 1,999,425 shares of the real estate investment trust’s stock valued at $14,836,000 after purchasing an additional 727,608 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in RLJ Lodging Trust by 23.1% during the fourth quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust’s stock worth $97,899,000 after purchasing an additional 2,463,189 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in RLJ Lodging Trust by 2,111.3% during the first quarter. Renaissance Technologies LLC now owns 299,232 shares of the real estate investment trust’s stock worth $2,220,000 after purchasing an additional 285,700 shares during the period. Institutional investors and hedge funds own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Performance

NYSE RLJ opened at $10.99 on Monday. The stock has a market cap of $1.68 billion, a PE ratio of 7.63 and a beta of 1.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 5.71 and a current ratio of 5.71. The firm has a 50-day moving average of $11.59 and a 200-day moving average of $9.44. RLJ Lodging Trust has a 52-week low of $6.54 and a 52-week high of $12.89.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 5.5%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group set a $13.00 price target on RLJ Lodging Trust in a research report on Thursday, June 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $13.00 price objective (up from $10.00) on shares of RLJ Lodging Trust in a research report on Thursday, June 18th. Wells Fargo & Company lifted their target price on RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Bank of America boosted their target price on RLJ Lodging Trust from $9.25 to $10.50 and gave the stock an “underperform” rating in a report on Monday, July 20th. Finally, Zacks Research cut RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, RLJ Lodging Trust presently has a consensus rating of “Reduce” and a consensus price target of $10.94.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.