Algert Global LLC Sells 58,794 Shares of RLJ Lodging Trust (NYSE:RLJ)

Algert Global LLC lessened its stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 23.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,205 shares of the real estate investment trust's stock after selling 58,794 shares during the period. Algert Global LLC owned approximately 0.12% of RLJ Lodging Trust worth $1,719,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its position in RLJ Lodging Trust by 6.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 209,892 shares of the real estate investment trust's stock worth $2,482,000 after buying an additional 12,186 shares during the last quarter. Quadrature Capital Ltd raised its position in RLJ Lodging Trust by 46.7% in the 1st quarter. Quadrature Capital Ltd now owns 31,418 shares of the real estate investment trust's stock worth $371,000 after purchasing an additional 10,003 shares during the period. Lazard Asset Management LLC boosted its position in RLJ Lodging Trust by 32.3% during the first quarter. Lazard Asset Management LLC now owns 12,491 shares of the real estate investment trust's stock valued at $147,000 after buying an additional 3,052 shares during the period. BOKF NA bought a new position in shares of RLJ Lodging Trust during the first quarter valued at about $139,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of RLJ Lodging Trust by 2.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 107,116 shares of the real estate investment trust's stock worth $1,267,000 after buying an additional 2,071 shares during the period. Institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Trading Up 0.8 %

Shares of RLJ traded up $0.08 during trading hours on Thursday, reaching $10.14. 1,761,566 shares of the company traded hands, compared to its average volume of 1,419,745. RLJ Lodging Trust has a 12 month low of $8.74 and a 12 month high of $12.39. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The company's fifty day moving average price is $9.41 and its two-hundred day moving average price is $9.49. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 0.96 and a beta of 1.70.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.23). The firm had revenue of $345.74 million for the quarter, compared to analysts' expectations of $342.93 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The firm's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. Equities research analysts predict that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Compass Point lowered RLJ Lodging Trust from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $18.00 to $10.00 in a research report on Monday, August 5th. Oppenheimer upped their price target on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Wells Fargo & Company lowered shares of RLJ Lodging Trust from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $11.00 to $9.00 in a report on Friday, September 13th. StockNews.com downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, November 6th. Finally, Wolfe Research cut RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $11.29.

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.