SG Americas Securities LLC Decreases Stake in RLJ Lodging Trust $RLJ

SG Americas Securities LLC lessened its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 69.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,953 shares of the real estate investment trust’s stock after selling 166,603 shares during the quarter. SG Americas Securities LLC’s holdings in RLJ Lodging Trust were worth $549,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in shares of RLJ Lodging Trust by 2,721.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 3,347 shares in the last quarter. Daytona Street Capital LLC acquired a new position in shares of RLJ Lodging Trust during the 4th quarter valued at $28,000. PNC Financial Services Group Inc. boosted its position in RLJ Lodging Trust by 166.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,618 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 2,887 shares during the period. Danske Bank A S purchased a new stake in RLJ Lodging Trust during the 3rd quarter worth $50,000. Finally, Los Angeles Capital Management LLC acquired a new stake in RLJ Lodging Trust in the 4th quarter valued at $51,000. 92.35% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Stock Down 2.0%

RLJ stock opened at $11.40 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.22. The firm has a 50 day simple moving average of $10.19 and a 200-day simple moving average of $8.62. The company has a market capitalization of $1.73 billion, a P/E ratio of -1,140.30 and a beta of 1.09. RLJ Lodging Trust has a twelve month low of $6.54 and a twelve month high of $12.03.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $339.98 million for the quarter, compared to analysts’ expectations of $323.51 million. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. On average, equities research analysts predict that RLJ Lodging Trust will post 1.26 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 5.3%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently -6,000.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of RLJ Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Sunday, June 7th. Barclays raised their price target on shares of RLJ Lodging Trust from $6.00 to $9.00 and gave the company an “underweight” rating in a report on Monday, June 1st. LADENBURG THALM/SH SH lifted their price target on shares of RLJ Lodging Trust from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Finally, Raymond James Financial lowered shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $9.00 to $11.00 in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, RLJ Lodging Trust has an average rating of “Hold” and a consensus price target of $10.56.

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.