Allianz Asset Management GmbH Has $15.85 Million Stock Position in RLJ Lodging Trust $RLJ

Allianz Asset Management GmbH lifted its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 22.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,201,825 shares of the real estate investment trust’s stock after acquiring an additional 401,189 shares during the period. Allianz Asset Management GmbH’s holdings in RLJ Lodging Trust were worth $15,853,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Donald Smith & CO. Inc. grew its holdings in RLJ Lodging Trust by 28.3% during the second quarter. Donald Smith & CO. Inc. now owns 7,423,055 shares of the real estate investment trust’s stock worth $54,040,000 after buying an additional 1,637,942 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in RLJ Lodging Trust by 2.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,977,691 shares of the real estate investment trust’s stock worth $36,238,000 after acquiring an additional 137,014 shares during the last quarter. LSV Asset Management grew its stake in shares of RLJ Lodging Trust by 42.2% in the 2nd quarter. LSV Asset Management now owns 2,363,749 shares of the real estate investment trust’s stock worth $17,208,000 after acquiring an additional 701,535 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of RLJ Lodging Trust by 36.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,282,101 shares of the real estate investment trust’s stock worth $16,614,000 after acquiring an additional 614,166 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of RLJ Lodging Trust by 47.5% in the second quarter. Invesco Ltd. now owns 1,634,179 shares of the real estate investment trust’s stock valued at $11,897,000 after purchasing an additional 526,172 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

Insider Activity

In related news, Director Robin Mcbride Zeigler sold 13,413 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $7.51, for a total transaction of $100,731.63. Following the sale, the director directly owned 37,159 shares in the company, valued at approximately $279,064.09. The trade was a 26.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays assumed coverage on shares of RLJ Lodging Trust in a research note on Tuesday, January 6th. They issued an “underweight” rating and a $6.00 price objective for the company. Raymond James Financial raised RLJ Lodging Trust from a “market perform” rating to a “strong-buy” rating and set a $9.00 price target for the company in a research report on Wednesday, November 12th. Zacks Research raised RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of RLJ Lodging Trust in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, RLJ Lodging Trust has a consensus rating of “Hold” and a consensus target price of $8.64.

RLJ Lodging Trust Price Performance

RLJ Lodging Trust stock opened at $8.00 on Friday. The business’s 50 day simple moving average is $7.60 and its 200 day simple moving average is $7.43. RLJ Lodging Trust has a 12 month low of $6.16 and a 12 month high of $9.85. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 160.00 and a beta of 1.12. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.21.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $330.05 million during the quarter, compared to analysts’ expectations of $326.13 million. RLJ Lodging Trust had a return on equity of 1.78% and a net margin of 2.48%.The company’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.40 EPS. Sell-side analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 7.5%. RLJ Lodging Trust’s payout ratio is presently 1,200.00%.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.