SG Americas Securities LLC reduced its position in RLJ Lodging Trust (NYSE:RLJ) by 68.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,452 shares of the real estate investment trust’s stock after selling 29,158 shares during the quarter. SG Americas Securities LLC’s holdings in RLJ Lodging Trust were worth $296,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RLJ. Cohen & Steers Inc. purchased a new position in RLJ Lodging Trust in the third quarter worth $89,956,000. Land & Buildings Investment Management LLC purchased a new position in RLJ Lodging Trust in the third quarter worth $77,072,000. Citadel Advisors LLC grew its holdings in RLJ Lodging Trust by 128.7% in the third quarter. Citadel Advisors LLC now owns 3,006,051 shares of the real estate investment trust’s stock worth $66,133,000 after purchasing an additional 1,691,905 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in RLJ Lodging Trust in the third quarter worth $26,400,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in RLJ Lodging Trust in the third quarter worth $18,384,000. 98.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of RLJ Lodging Trust (NYSE RLJ) opened at $19.81 on Thursday. RLJ Lodging Trust has a one year low of $19.12 and a one year high of $23.98. 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 company has a market cap of $3,529.68, a price-to-earnings ratio of 17.53, a PEG ratio of 1.69 and a beta of 1.10.
Several equities analysts have issued reports on RLJ shares. Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. KeyCorp raised shares of RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Tuesday, December 19th. TheStreet lowered shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Robert W. Baird reaffirmed a “hold” rating on shares of RLJ Lodging Trust in a report on Thursday, December 21st. Finally, Deutsche Bank lifted 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. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.45.
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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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