AMP Capital Investors Ltd Reduces Position in RLJ Lodging Trust (RLJ)

AMP Capital Investors Ltd reduced its holdings in RLJ Lodging Trust (NYSE:RLJ) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,031 shares of the real estate investment trust’s stock after selling 7,520 shares during the quarter. AMP Capital Investors Ltd owned 0.13% of RLJ Lodging Trust worth $5,072,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RLJ. Brookfield Asset Management Inc. bought a new stake in shares of RLJ Lodging Trust in the 1st quarter worth approximately $93,540,000. Echo Street Capital Management LLC bought a new stake in shares of RLJ Lodging Trust in the 1st quarter worth approximately $10,768,000. Duff & Phelps Investment Management Co. raised its holdings in shares of RLJ Lodging Trust by 21.6% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 2,124,068 shares of the real estate investment trust’s stock worth $46,836,000 after purchasing an additional 376,600 shares in the last quarter. State of Wisconsin Investment Board bought a new stake in shares of RLJ Lodging Trust in the 2nd quarter worth approximately $8,269,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of RLJ Lodging Trust by 10.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,714,612 shares of the real estate investment trust’s stock worth $52,773,000 after purchasing an additional 252,725 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

RLJ stock opened at $22.19 on Friday. RLJ Lodging Trust has a 52-week low of $18.67 and a 52-week high of $23.97. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.82. The company has a market cap of $3.86 billion, a PE ratio of 9.25, a PEG ratio of 1.94 and a beta of 1.12.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.40). RLJ Lodging Trust had a net margin of 5.72% and a return on equity of 3.11%. The firm had revenue of $484.69 million for the quarter, compared to analyst estimates of $488.62 million. equities research analysts anticipate that RLJ Lodging Trust will post 2.27 EPS for the current fiscal year.

A number of analysts recently commented on the stock. Barclays upgraded shares of RLJ Lodging Trust from an “equal weight” rating to an “overweight” rating and set a $23.00 target price on the stock in a report on Friday, June 1st. Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Wells Fargo & Co downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 7th. Finally, ValuEngine downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.33.

About RLJ Lodging Trust

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 154 hotels with approximately 30,000 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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