The Profund Advisors LLC Reduces Stake in RLJ Lodging Trust (RLJ)

The Profund Advisors LLC Reduces Stake in RLJ Lodging Trust (RLJ)

Several other institutional investors have also recently added to or reduced their stakes in the company. James Investment Research Inc. purchased a new position in RLJ Lodging Trust during the first quarter worth approximately $144,000. Baird Financial Group Inc. purchased a new position in RLJ Lodging Trust during the fourth quarter worth approximately $224,000. Fuller & Thaler Asset Management Inc. increased its position in RLJ Lodging Trust by 18.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 9,700 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 1,500 shares during the period. ETRADE Capital Management LLC purchased a new position in RLJ Lodging Trust during the third quarter worth approximately $212,000. Finally, New York State Teachers Retirement System increased its position in RLJ Lodging Trust by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 10,700 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 100 shares during the period.

Profund Advisors LLC cut its position in RLJ Lodging Trust (NYSE:RLJ) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,195 shares of the real estate investment trust’s stock after selling 576 shares during the period. Profund Advisors LLC’s holdings in RLJ Lodging Trust were worth $216,000 as of its most recent filing with the SEC.

Shares of RLJ Lodging Trust (RLJ) opened at 20.73 on Monday. The stock has a 50 day moving average price of $21.31 and a 200-day moving average price of $22.85. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 13.12 and a beta of 1.14. RLJ Lodging Trust has a 1-year low of $18.92 and a 1-year high of $25.10.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. RLJ Lodging Trust had a return on equity of 9.15% and a net margin of 17.07%. The company had revenue of $260.20 million during the quarter, compared to analysts’ expectations of $263.57 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts expect that RLJ Lodging Trust will post $1.11 earnings per share for the current fiscal year. A number of research firms have recently commented on RLJ. ValuEngine downgraded RLJ Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday, March 3rd. Barclays PLC set a $23.00 price objective on RLJ Lodging Trust and gave the stock a “sell” rating in a report on Tuesday, February 14th. Finally, Boenning Scattergood restated an “underperform” rating on shares of RLJ Lodging Trust in a report on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.78.

RLJ Lodging Trust Company Profile RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RLJ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for RLJ Lodging Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for RLJ Lodging Trust and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment