In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rlj Lodging Trust (NYSE:RLJ) reported that Goldman Sachs Asset Management, L.p. has picked up 13,397,956 of common stock as of 2017-02-10.
The acquisition brings the aggregate amount owned by Goldman Sachs Asset Management, L.p. to a total of 13,397,956 representing a 10.8% stake in the company.
For those not familiar with the company, 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. Its hotels’ brand affiliations include Residence Inn, Courtyard, SpringHill Suites, Marriott and Renaissance by Marriott; Hilton Garden Inn, Embassy Suites, DoubleTree, Hilton and Homewood Suites by Hilton, and Hyatt House, Hyatt Place and Hyatt by Hyatt. Its operating partnership is RLJ Lodging Trust, L.P. The Company’s properties include Courtyard San Francisco, Hyatt House Cypress Anaheim, Hyatt House Emeryville San Francisco Bay Area, Hyatt House San Ramon and Hyatt House Santa Clara in California, and Renaissance Boulder Flatiron Hotel, Residence Inn Boulder Louisville, Residence Inn Longmont Boulder and SpringHill Suites Boulder Longmont in Colorado.
A glance at Rlj Lodging Trust (NYSE:RLJ)’s key stats reveals a current market capitalization of 2.94 billion based on 124.30 million shares outstanding and a price at last close of $23.46 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-03-04, Ryan picked up 2,000 at a purchase price of $25.37. This brings their total holding to 2,000 as of the date of the filing.
On the sell side, the most recent transaction saw Hale unload 5,000 shares at a sale price of $25.00. This brings their total holding to 328,730.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Rlj Lodging Trust (NYSE:RLJ) as things move forward to see if its progress aligns with these transactions.
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