Bokf Na Has $263,000 Position in RLJ Lodging Trust (NYSE:RLJ)

Bokf Na grew its holdings in RLJ Lodging Trust (NYSE:RLJ) by 129.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,314 shares of the real estate investment trust’s stock after buying an additional 15,426 shares during the quarter. Bokf Na’s holdings in RLJ Lodging Trust were worth $263,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in RLJ Lodging Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 25,236,820 shares of the real estate investment trust’s stock valued at $298,299,000 after acquiring an additional 420,428 shares during the period. LSV Asset Management boosted its position in RLJ Lodging Trust by 9.8% in the second quarter. LSV Asset Management now owns 1,699,595 shares of the real estate investment trust’s stock valued at $16,367,000 after buying an additional 152,395 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in RLJ Lodging Trust by 2.4% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,591,525 shares of the real estate investment trust’s stock valued at $15,326,000 after buying an additional 37,137 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in RLJ Lodging Trust by 23.5% during the first quarter. Donald Smith & CO. Inc. now owns 1,432,658 shares of the real estate investment trust’s stock worth $16,934,000 after buying an additional 272,500 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of RLJ Lodging Trust by 2.1% during the first quarter. Clearbridge Investments LLC now owns 1,343,923 shares of the real estate investment trust’s stock worth $15,885,000 after buying an additional 27,746 shares in the last quarter. 92.35% of the stock is owned by institutional investors.

RLJ Lodging Trust Trading Up 4.3 %

Shares of RLJ opened at $9.43 on Wednesday. The stock’s fifty day simple moving average is $9.32 and its 200-day simple moving average is $10.25. The firm has a market capitalization of $1.47 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 0.85 and a beta of 1.70. RLJ Lodging Trust has a 12-month low of $8.79 and a 12-month high of $12.39. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.12.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.25). The firm had revenue of $369.30 million for the quarter, compared to the consensus estimate of $365.67 million. RLJ Lodging Trust had a return on equity of 3.34% and a net margin of 4.93%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. As a group, research analysts predict that RLJ Lodging Trust will post 1.34 earnings per share for the current year.

RLJ Lodging Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.15 dividend. This is a positive change from RLJ Lodging Trust’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Monday, September 30th. RLJ Lodging Trust’s dividend payout ratio is currently 214.29%.

Analyst Ratings Changes

Several brokerages have recently commented on RLJ. Bank of America reduced their target price on RLJ Lodging Trust from $12.00 to $10.00 and set an “underperform” rating on the stock in a report on Monday, July 22nd. Wells Fargo & Company lowered RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $11.00 to $9.00 in a research note on Friday, September 13th. Robert W. Baird lowered their target price on RLJ Lodging Trust from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, June 11th. Compass Point cut RLJ Lodging Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $18.00 to $10.00 in a report on Monday, August 5th. Finally, StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.25.

RLJ Lodging Trust Company Profile

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.