Teachers Advisors LLC Sells 81,967 Shares of RLJ Lodging Trust (RLJ)

Teachers Advisors LLC cut its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,116,462 shares of the real estate investment trust’s stock after selling 81,967 shares during the period. Teachers Advisors LLC’s holdings in RLJ Lodging Trust were worth $24,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in RLJ. Cohen & Steers Inc. bought a new position in shares of RLJ Lodging Trust during the third quarter worth approximately $89,956,000. Daiwa Securities Group Inc. increased its holdings 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 worth $81,632,000 after purchasing an additional 3,129,810 shares during the period. Citadel Advisors LLC increased its holdings in shares of RLJ Lodging Trust by 128.7% during 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 period. Dimensional Fund Advisors LP increased its holdings in shares of RLJ Lodging Trust by 38.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,608,169 shares of the real estate investment trust’s stock worth $57,381,000 after purchasing an additional 719,206 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of RLJ Lodging Trust by 181.9% during the third quarter. Russell Investments Group Ltd. now owns 1,112,554 shares of the real estate investment trust’s stock worth $24,477,000 after purchasing an additional 717,907 shares during the period.

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RLJ Lodging Trust stock opened at $18.68 on Friday. RLJ Lodging Trust has a one year low of $18.67 and a one year high of $23.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.06 and a quick ratio of 3.06. The stock has a market cap of $3,266.14, a P/E ratio of 35.92, a P/E/G ratio of 1.57 and a beta of 1.20.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. RLJ Lodging Trust had a net margin of 5.52% and a return on equity of 2.77%. The firm had revenue of $462.49 million for the quarter, compared to analyst estimates of $442.14 million. equities analysts anticipate that RLJ Lodging Trust will post 2.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a $0.33 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.32 dividend on an annualized basis and a yield of 7.07%. RLJ Lodging Trust’s dividend payout ratio is currently 253.85%.

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Barclays decreased their price objective on shares of RLJ Lodging Trust from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 7th. Boenning Scattergood set a $20.00 price objective on shares of RLJ Lodging Trust and gave the company a “sell” rating in a research note on Thursday, March 1st. ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Robert W. Baird set a $22.00 price objective on shares of RLJ Lodging Trust and gave the company a “hold” rating in a research note on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.27.

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RLJ Lodging Trust Profile

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.

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

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