Foster & Motley Inc. Has $202,000 Holdings in RLJ Lodging Trust (NYSE:RLJ)

Foster & Motley Inc. cut its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 69.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,244 shares of the real estate investment trust’s stock after selling 40,083 shares during the period. Foster & Motley Inc.’s holdings in RLJ Lodging Trust were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RLJ. Beverly Hills Private Wealth LLC acquired a new position in RLJ Lodging Trust in the third quarter valued at about $98,000. New York State Teachers Retirement System acquired a new position in RLJ Lodging Trust in the third quarter valued at about $138,000. Advisor Partners II LLC acquired a new position in RLJ Lodging Trust in the third quarter valued at about $141,000. Caxton Associates LP acquired a new position in RLJ Lodging Trust in the third quarter valued at about $214,000. Finally, Mackenzie Financial Corp grew its stake in RLJ Lodging Trust by 8.7% in the fourth quarter. Mackenzie Financial Corp now owns 18,966 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 1,525 shares during the period. 92.35% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Stock Down 2.5 %

RLJ stock opened at $11.10 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.46 and a quick ratio of 3.46. The stock has a market capitalization of $1.73 billion, a P/E ratio of 34.67, a P/E/G ratio of 0.93 and a beta of 1.71. The business has a 50-day moving average of $11.74 and a 200-day moving average of $11.18. RLJ Lodging Trust has a fifty-two week low of $9.06 and a fifty-two week high of $12.39.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. RLJ Lodging Trust had a return on equity of 3.79% and a net margin of 5.76%. The company had revenue of $319.70 million during the quarter, compared to analysts’ expectations of $313.34 million. During the same period in the prior year, the firm earned $0.33 earnings per share. RLJ Lodging Trust’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that RLJ Lodging Trust will post 1.55 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 annualized dividend and a yield of 3.61%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 125.00%.

Wall Street Analysts Forecast Growth

RLJ has been the subject of a number of research analyst reports. Oppenheimer boosted their target price on RLJ Lodging Trust from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Finally, Wolfe Research began coverage on RLJ Lodging Trust in a research report on Wednesday, January 10th. They set an “outperform” rating and a $15.00 price objective for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, RLJ Lodging Trust presently has an average rating of “Moderate Buy” and an average price target of $13.90.

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.