Today: Teacher Retirement System of Texas Cuts Position in RLJ Lodging Trust (RLJ)

Today: Teacher Retirement System of Texas Cuts Position in RLJ Lodging Trust (RLJ)

Teacher Retirement System of Texas cut its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 56.6% during the third quarter, Holdings Channel reports. The institutional investor owned 713,238 shares of the real estate investment trust’s stock after selling 930,998 shares during the period. Teacher Retirement System of Texas owned about 0.58% of RLJ Lodging Trust worth $14,999,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of RLJ Lodging Trust during the second quarter worth approximately $176,000. Glenmede Trust Co. NA increased its position in shares of RLJ Lodging Trust by 310.8% in the second quarter. Glenmede Trust Co. NA now owns 95,505 shares of the real estate investment trust’s stock worth $2,047,000 after buying an additional 72,257 shares in the last quarter. Lasalle Investment Management Securities LLC increased its position in shares of RLJ Lodging Trust by 10.1% in the second quarter. Lasalle Investment Management Securities LLC now owns 6,187,742 shares of the real estate investment trust’s stock worth $132,727,000 after buying an additional 565,401 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of RLJ Lodging Trust by 25.0% in the second quarter. Nationwide Fund Advisors now owns 120,151 shares of the real estate investment trust’s stock worth $2,577,000 after buying an additional 24,019 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of RLJ Lodging Trust by 112.8% in the second quarter. LSV Asset Management now owns 204,840 shares of the real estate investment trust’s stock worth $4,393,000 after buying an additional 108,600 shares in the last quarter.

RLJ Lodging Trust (NYSE:RLJ) traded down 0.31% during midday trading on Monday, reaching $22.26. 293,965 shares of the company were exchanged. The firm’s 50-day moving average is $20.83 and its 200-day moving average is $21.72. The firm has a market cap of $2.75 billion, a P/E ratio of 14.01 and a beta of 1.07. RLJ Lodging Trust has a one year low of $16.15 and a one year high of $24.75.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.01. RLJ Lodging Trust had a net margin of 17.07% and a return on equity of 9.15%. The company had revenue of $296.30 million for the quarter, compared to analysts’ expectations of $297.13 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts expect that RLJ Lodging Trust will post $1.20 EPS for the current fiscal year.

RLJ has been the topic of a number of research reports. Zacks Investment Research downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 20th. TheStreet downgraded shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Janney Montgomery Scott assumed coverage on shares of RLJ Lodging Trust in a research note on Monday, September 26th. They issued a “buy” rating and a $21.90 target price on the stock. Barclays PLC lowered their price target on shares of RLJ Lodging Trust from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Friday, August 5th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $21.00 price target on shares of RLJ Lodging Trust in a report on Friday, November 4th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.56.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. The Company owns approximately 130 hotels with over 20,900 rooms, located in approximately 20 states and the District of Columbia, and an interest in a mortgage loan secured by a hotel.

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