Arrow Investment Advisors LLC Sells 939 Shares of RLJ Lodging Trust (NYSE:RLJ)

Arrow Investment Advisors LLC decreased its holdings in RLJ Lodging Trust (NYSE:RLJ) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,152 shares of the real estate investment trust’s stock after selling 939 shares during the period. Arrow Investment Advisors LLC’s holdings in RLJ Lodging Trust were worth $359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PGGM Investments boosted its stake in shares of RLJ Lodging Trust by 322.2% in the second quarter. PGGM Investments now owns 7,242,838 shares of the real estate investment trust’s stock worth $128,488,000 after acquiring an additional 5,527,205 shares during the period. Northern Trust Corp lifted its position in shares of RLJ Lodging Trust by 64.1% in the second quarter. Northern Trust Corp now owns 4,510,289 shares of the real estate investment trust’s stock worth $80,012,000 after buying an additional 1,762,423 shares in the last quarter. Invesco Ltd. lifted its position in shares of RLJ Lodging Trust by 184.1% in the second quarter. Invesco Ltd. now owns 4,292,181 shares of the real estate investment trust’s stock worth $76,144,000 after buying an additional 2,781,382 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of RLJ Lodging Trust by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,300,744 shares of the real estate investment trust’s stock worth $58,556,000 after buying an additional 61,131 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of RLJ Lodging Trust by 19.1% in the second quarter. Citadel Advisors LLC now owns 2,793,057 shares of the real estate investment trust’s stock worth $49,549,000 after buying an additional 447,305 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Patricia L. Gibson acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $16.37 per share, for a total transaction of $163,700.00. Following the completion of the transaction, the director now directly owns 38,508 shares in the company, valued at approximately $630,375.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Forgia Robert M. La acquired 5,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $15.70 per share, for a total transaction of $78,500.00. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.

Shares of RLJ stock opened at $16.93 on Friday. RLJ Lodging Trust has a 1 year low of $15.65 and a 1 year high of $20.59. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.34 and a quick ratio of 4.34. The stock’s 50 day simple moving average is $16.84 and its two-hundred day simple moving average is $17.33. The company has a market cap of $3.02 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 1.79 and a beta of 1.28.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.29). RLJ Lodging Trust had a net margin of 9.55% and a return on equity of 5.29%. The company had revenue of $371.12 million for the quarter, compared to analysts’ expectations of $371.81 million. During the same quarter last year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. Equities research analysts expect that RLJ Lodging Trust will post 1.96 EPS for the current year.

The business also recently disclosed a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 7.5%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 58.41%.

RLJ has been the topic of a number of research analyst reports. Royal Bank of Canada set a $20.00 target price on RLJ Lodging Trust and gave the stock a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Co decreased their target price on RLJ Lodging Trust from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. ValuEngine downgraded RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank decreased their target price on RLJ Lodging Trust from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Finally, Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.63.

RLJ Lodging Trust Company 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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