New York State Common Retirement Fund Has $10.07 Million Stock Position in RLJ Lodging Trust (NYSE:RLJ)

New York State Common Retirement Fund boosted its position in RLJ Lodging Trust (NYSE:RLJ) by 28.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 985,899 shares of the real estate investment trust’s stock after buying an additional 215,504 shares during the quarter. New York State Common Retirement Fund’s holdings in RLJ Lodging Trust were worth $10,066,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RLJ. Mirae Asset Global Investments Co. Ltd. boosted its holdings in RLJ Lodging Trust by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,564 shares during the period. Ground Swell Capital LLC acquired a new position in shares of RLJ Lodging Trust during the 3rd quarter worth about $93,000. Aigen Investment Management LP bought a new stake in RLJ Lodging Trust during the 3rd quarter valued at approximately $107,000. Metis Global Partners LLC grew its holdings in RLJ Lodging Trust by 31.0% in the 3rd quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 3,738 shares during the last quarter. Finally, Creative Planning bought a new position in RLJ Lodging Trust in the 3rd quarter worth approximately $275,000. Institutional investors own 92.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a research report on Tuesday, February 18th. StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Oppenheimer upped their price objective on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.79.

RLJ Lodging Trust Trading Down 1.0 %

Shares of RLJ stock opened at $9.19 on Wednesday. The firm has a fifty day moving average of $9.84 and a 200-day moving average of $9.63. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 2.87 and a beta of 1.68. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week high of $12.39. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. On average, equities research analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 6.53%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 206.90%.

RLJ Lodging Trust 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.