RLJ Lodging Trust (RLJ) Recent Ownership Changes

RLJ Lodging Trust (NYSE:RLJ) has made a 23.16% comeback from a 12-month low price of $18.67. It was seen 1.1% higher, changing the price to $23, when the closing bell rang on 05/24/2018. At recent session, the prices were hovering between $22.68 and $23.005. This company shares are -0.87% up from its target price of $22.8 and the current market capitalization stands at $4.01B. The recent change has given its price a 11.93% lead over SMA 50 and -4.01% deficit over its 52-week high. The stock witnessed 11.87% gains, 8.8% gains and 8.13% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RLJ’s volatility during a week at 1.93% and during a month it has been found around 1.83%.

RLJ Lodging Trust (RLJ) Top Holders

Institutional investors currently hold around $4.02 billion or 0% in RLJ stock. Look at its top three institutional owners. Vanguard Group Inc owns $602.13 million in RLJ Lodging Trust, which represents roughly 15.02% of the company’s market cap and approximately 14.97% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 16,016,826 shares of the stock are valued at $364.38 million. The third largest holder is Cohen & Steers Inc, which currently holds $330.76 million worth of this stock and that ownership represents nearly 8.25% of its market capitalization.

RLJ Lodging Trust 13F Filings

At the end of 03/31/2018 reporting period, 86 institutional holders increased their position in RLJ Lodging Trust (NYSE:RLJ) by some 18,787,909 shares, 125 decreased positions by 18,334,870 and 33 held positions by 139,606,397. That puts total institutional holdings at 176,729,176 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 6,165,633 shares while 35 institutional investors sold out their entire positions totaling 2,671,221 shares.

RLJ Lodging Trust (NYSE:RLJ) Insider Trades

Multiple company employees have indulged in significant insider trading. RLJ Lodging Trust disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Gibson Patricia L has acquired 1,000 shares of RLJ Lodging Trust (RLJ) in trading session dated Mar. 06, 2018. These shares are worth $19,400 and were traded at $19.4 each. The SEC filing shows that Davis Nathaniel A performed a sale of 10,000 shares. The Director disposed these shares by way of transaction on Sep. 05, 2017. The company’s shares were given away at $20.11 per share worth to an income of some $201,100 on account of Davis Nathaniel A.

Director, La Forgia Robert M, purchased 5,000 common shares of RLJ Lodging Trust (RLJ) in the open market. In a transaction dated Aug. 16, 2017, the shares were bought at an average price of $19.73, giving away a sum of $98,650. After this purchase, 37,528 common shares of RLJ are directly owned by the insider, with total stake valued at $863,144.

In the transaction dated Dec. 12, 2016, the great number of shares disposed came courtesy the COO and CFO; Hale Leslie D. disposed a total of 5,000 shares at an average price of $25, amounting to approximately $125,000. The insider now directly owns 328,730 shares worth $7,560,790.

RLJ Lodging Trust (RLJ) Analyst Guide

Several analysts have released their opinion on RLJ Lodging Trust (NYSE:RLJ), with 4 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.64 average brokerage recommendation.

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