Charles Schwab Investment Management Inc. Raises Holdings in RLJ Lodging Trust (NYSE:RLJ)

Charles Schwab Investment Management Inc. lifted its holdings in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,690,945 shares of the real estate investment trust's stock after buying an additional 98,673 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.41% of RLJ Lodging Trust worth $37,685,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its stake in RLJ Lodging Trust by 0.5% during the 4th quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust's stock valued at $2,888,000 after acquiring an additional 1,320 shares during the last quarter. US Bancorp DE raised its stake in shares of RLJ Lodging Trust by 78.2% during the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,417 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of RLJ Lodging Trust by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 389,527 shares of the real estate investment trust's stock worth $3,576,000 after purchasing an additional 1,634 shares during the period. Metis Global Partners LLC grew its position in RLJ Lodging Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust's stock valued at $180,000 after buying an additional 1,796 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in RLJ Lodging Trust by 1.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 192,700 shares of the real estate investment trust's stock valued at $1,769,000 after buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 92.35% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on RLJ. Wells Fargo & Company lowered their target price on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a report on Tuesday, February 18th. StockNews.com raised RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued 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 Price Performance

NYSE:RLJ traded up $0.16 during trading hours on Wednesday, reaching $8.99. 1,120,508 shares of the company traded hands, compared to its average volume of 1,826,021. RLJ Lodging Trust has a 1-year low of $8.45 and a 1-year high of $12.13. The stock has a market cap of $1.37 billion, a P/E ratio of 30.95, a P/E/G ratio of 2.87 and a beta of 1.69. The firm's 50-day moving average is $9.54 and its 200-day moving average is $9.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.36. The firm had revenue of $329.99 million during the quarter, compared to analysts' expectations of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. Equities research analysts expect that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.68%. The ex-dividend date of this dividend is Monday, March 31st. RLJ Lodging Trust's payout ratio is 222.22%.

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.