Fisher Asset Management LLC Has $35.83 Million Stake in RLJ Lodging Trust (NYSE:RLJ)

Fisher Asset Management LLC lowered its holdings in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,056,830 shares of the real estate investment trust's stock after selling 590,844 shares during the quarter. Fisher Asset Management LLC owned about 1.96% of RLJ Lodging Trust worth $35,826,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in RLJ. HG Vora Capital Management LLC acquired a new position in RLJ Lodging Trust during the 3rd quarter worth $31,818,000. Donald Smith & CO. Inc. acquired a new stake in RLJ Lodging Trust in the fourth quarter worth about $13,597,000. Glenmede Trust Co. NA acquired a new stake in RLJ Lodging Trust in the third quarter worth about $11,324,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in RLJ Lodging Trust by 4,772.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,175,932 shares of the real estate investment trust's stock worth $13,782,000 after purchasing an additional 1,151,800 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in RLJ Lodging Trust during the 3rd quarter valued at about $11,258,000. Institutional investors own 92.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RLJ. Wolfe Research initiated coverage on shares of RLJ Lodging Trust in a research note on Wednesday, January 10th. They set an "outperform" rating and a $15.00 price target for the company. Oppenheimer upped their target price on shares of RLJ Lodging Trust from $14.00 to $15.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th. Finally, StockNews.com lowered RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $13.90.

RLJ Lodging Trust Trading Up 0.3 %

NYSE RLJ traded up $0.03 during trading on Friday, reaching $10.73. 1,423,785 shares of the stock traded hands, compared to its average volume of 1,140,932. RLJ Lodging Trust has a fifty-two week low of $9.06 and a fifty-two week high of $12.39. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 1.12. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 38.32, a price-to-earnings-growth ratio of 0.88 and a beta of 1.70. The stock's 50-day moving average price is $11.62 and its 200 day moving average price is $11.25.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $319.70 million during the quarter, compared to analyst estimates of $313.34 million. RLJ Lodging Trust had a net margin of 5.29% and a return on equity of 3.51%. The firm's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. Analysts predict that RLJ Lodging Trust will post 1.55 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Wednesday, March 27th. RLJ Lodging Trust's dividend payout ratio (DPR) is presently 142.86%.

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.