Teachers Insurance & Annuity Association of America Trims Holdings in RLJ Lodging Trust (RLJ)

Teachers Insurance & Annuity Association of America trimmed its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,494 shares of the real estate investment trust’s stock after selling 6,450 shares during the period. Teachers Insurance & Annuity Association of America owned 0.10% of RLJ Lodging Trust worth $2,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of RLJ. BlackRock Inc. lifted its position in shares of RLJ Lodging Trust by 4,829.7% during the first quarter. BlackRock Inc. now owns 11,399,528 shares of the real estate investment trust’s stock worth $268,005,000 after acquiring an additional 11,168,284 shares in the last quarter. AJO LP lifted its position in shares of RLJ Lodging Trust by 108.8% during the second quarter. AJO LP now owns 3,814,317 shares of the real estate investment trust’s stock worth $75,790,000 after acquiring an additional 1,987,760 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of RLJ Lodging Trust by 51.5% during the first quarter. Bank of New York Mellon Corp now owns 2,944,846 shares of the real estate investment trust’s stock worth $69,233,000 after acquiring an additional 1,001,632 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its position in shares of RLJ Lodging Trust by 49.1% during the second quarter. Duff & Phelps Investment Management Co. now owns 2,024,468 shares of the real estate investment trust’s stock worth $40,226,000 after acquiring an additional 666,350 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of RLJ Lodging Trust by 2.5% during the first quarter. Vanguard Group Inc. now owns 19,784,076 shares of the real estate investment trust’s stock worth $465,123,000 after acquiring an additional 491,109 shares in the last quarter.

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In related news, Director Nathaniel A. Davis sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total value of $201,100.00. Following the completion of the transaction, the director now owns 72,928 shares of the company’s stock, valued at approximately $1,466,582.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Forgia Robert M. La bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $19.73 per share, with a total value of $98,650.00. Following the acquisition, the director now directly owns 37,528 shares in the company, valued at approximately $740,427.44. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Shares of RLJ Lodging Trust (NYSE:RLJ) opened at 21.75 on Wednesday. The company has a 50 day moving average price of $20.42 and a 200-day moving average price of $21.20. The stock has a market cap of $2.69 billion, a P/E ratio of 15.00 and a beta of 1.17. RLJ Lodging Trust has a 12 month low of $18.92 and a 12 month high of $25.10.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.03. The company had revenue of $292.28 million during the quarter, compared to the consensus estimate of $293.16 million. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.16%. RLJ Lodging Trust’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, equities research analysts predict that RLJ Lodging Trust will post $1.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Wednesday, August 30th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Monday, August 28th. RLJ Lodging Trust’s dividend payout ratio is currently 60.69%.

RLJ has been the topic of several recent research reports. Janney Montgomery Scott restated a “buy” rating and set a $28.00 target price (up previously from $26.00) on shares of RLJ Lodging Trust in a research report on Monday, June 5th. Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and set a $25.00 target price on shares of RLJ Lodging Trust in a research report on Friday, August 4th. Finally, Boenning Scattergood set a $20.00 target price on RLJ Lodging Trust and gave the stock a “sell” rating in a research report on Monday, August 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. RLJ Lodging Trust currently has a consensus rating of “Hold” and an average target price of $24.20.

RLJ Lodging Trust 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.

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

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