RLJ Lodging Trust (NYSE:RLJ) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in RLJ Lodging Trust (NYSE:RLJ) by 1.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,131 shares of the real estate investment trust’s stock after selling 2,173 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.11% of RLJ Lodging Trust worth $2,082,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of RLJ Lodging Trust by 0.7% in the third quarter. Vanguard Group Inc. now owns 24,728,978 shares of the real estate investment trust’s stock valued at $242,097,000 after acquiring an additional 183,408 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of RLJ Lodging Trust by 12.5% in the third quarter. Public Employees Retirement System of Ohio now owns 414,656 shares of the real estate investment trust’s stock valued at $4,059,000 after acquiring an additional 45,964 shares during the period. Nordea Investment Management AB boosted its holdings in shares of RLJ Lodging Trust by 202.1% in the fourth quarter. Nordea Investment Management AB now owns 985,402 shares of the real estate investment trust’s stock valued at $11,647,000 after acquiring an additional 659,261 shares during the period. Ziegler Capital Management LLC acquired a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at approximately $984,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of RLJ Lodging Trust by 3.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 126,244 shares of the real estate investment trust’s stock valued at $1,480,000 after acquiring an additional 4,414 shares during the period. 92.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RLJ has been the subject of several research analyst reports. StockNews.com downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. Robert W. Baird decreased their price target on RLJ Lodging Trust from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.58.

RLJ Lodging Trust Trading Up 1.1 %

NYSE:RLJ opened at $9.61 on Friday. The stock has a fifty day moving average price of $9.88 and a two-hundred day moving average price of $11.05. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 0.83 and a beta of 1.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.81 and a current ratio of 2.81. RLJ Lodging Trust has a 1 year low of $9.06 and a 1 year high of $12.39.

RLJ Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 4.16%. The ex-dividend date is Friday, June 28th. RLJ Lodging Trust’s payout ratio is 142.86%.

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 currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.