Allianz Asset Management GmbH Buys 198,568 Shares of RLJ Lodging Trust $RLJ

Allianz Asset Management GmbH raised its stake in RLJ Lodging Trust (NYSE:RLJ) by 12.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,800,636 shares of the real estate investment trust’s stock after acquiring an additional 198,568 shares during the period. Allianz Asset Management GmbH’s holdings in RLJ Lodging Trust were worth $13,109,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV bought a new position in RLJ Lodging Trust in the first quarter valued at approximately $27,000. Blueshift Asset Management LLC bought a new stake in shares of RLJ Lodging Trust in the first quarter worth $82,000. Valeo Financial Advisors LLC bought a new stake in shares of RLJ Lodging Trust in the second quarter worth $76,000. AlphaQuest LLC lifted its position in shares of RLJ Lodging Trust by 1,138.4% in the first quarter. AlphaQuest LLC now owns 10,576 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 9,722 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of RLJ Lodging Trust in the first quarter worth $90,000. Institutional investors own 92.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Zacks Research raised shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Truist Financial boosted their price objective on shares of RLJ Lodging Trust from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Wells Fargo & Company raised shares of RLJ Lodging Trust to a “strong sell” rating in a research report on Friday, October 3rd. Baird R W lowered shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of RLJ Lodging Trust in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, RLJ Lodging Trust presently has a consensus rating of “Hold” and a consensus target price of $9.10.

RLJ Lodging Trust Price Performance

Shares of RLJ opened at $7.08 on Tuesday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 33.72 and a beta of 1.49. RLJ Lodging Trust has a 1-year low of $6.16 and a 1-year high of $10.84. The company’s fifty day simple moving average is $7.38 and its 200 day simple moving average is $7.32. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.19.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $363.10 million for the quarter, compared to the consensus estimate of $365.30 million. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. On average, research analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Tuesday, September 30th. RLJ Lodging Trust’s payout ratio is currently 285.71%.

RLJ Lodging Trust Company 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.