Deprince Race & Zollo Inc. Sells 99,904 Shares of RLJ Lodging Trust (RLJ)

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Deprince Race & Zollo Inc. lessened its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 8.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,147,344 shares of the real estate investment trust’s stock after selling 99,904 shares during the period. Deprince Race & Zollo Inc. owned about 0.65% of RLJ Lodging Trust worth $18,816,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Paragon Capital Management Ltd lifted its position in shares of RLJ Lodging Trust by 23.1% during the 4th quarter. Paragon Capital Management Ltd now owns 15,237 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 2,857 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of RLJ Lodging Trust during the 4th quarter valued at $178,000. Quantamental Technologies LLC acquired a new stake in shares of RLJ Lodging Trust during the 4th quarter valued at $235,000. Congress Asset Management Co. MA lifted its position in shares of RLJ Lodging Trust by 1.8% during the 4th quarter. Congress Asset Management Co. MA now owns 37,988 shares of the real estate investment trust’s stock valued at $623,000 after acquiring an additional 665 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of RLJ Lodging Trust by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,780,687 shares of the real estate investment trust’s stock valued at $45,603,000 after acquiring an additional 13,465 shares during the last quarter.

RLJ opened at $18.57 on Thursday. The firm has a market capitalization of $3.25 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 1.64 and a beta of 1.29. RLJ Lodging Trust has a 12-month low of $15.91 and a 12-month high of $23.97. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.72.

RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.17). The business had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $450.68 million. RLJ Lodging Trust had a net margin of 9.23% and a return on equity of 5.34%. RLJ Lodging Trust’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 EPS. Sell-side analysts anticipate that RLJ Lodging Trust will post 2.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.11%. RLJ Lodging Trust’s payout ratio is currently 55.00%.

A number of brokerages have recently commented on RLJ. Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Robert W. Baird reiterated a “buy” rating and set a $24.00 price objective on shares of RLJ Lodging Trust in a research report on Friday, November 30th. TheStreet downgraded RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research report on Thursday, January 3rd. Bank of America reduced their target price on RLJ Lodging Trust from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, October 4th. Finally, Wells Fargo & Co restated a “hold” rating on shares of RLJ Lodging Trust in a report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.50.

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RLJ Lodging Trust Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 150 hotels with approximately 28,600 rooms located in 25 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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