Belvedere Trading LLC Buys Shares of 17,194 RLJ Lodging Trust $RLJ

Belvedere Trading LLC purchased a new position in RLJ Lodging Trust (NYSE:RLJ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,194 shares of the real estate investment trust’s stock, valued at approximately $125,000.

Several other large investors have also recently made changes to their positions in the stock. Donald Smith & CO. Inc. raised its position in shares of RLJ Lodging Trust by 0.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 5,785,113 shares of the real estate investment trust’s stock worth $45,645,000 after acquiring an additional 28,880 shares in the last quarter. Palisade Capital Management LP raised its position in shares of RLJ Lodging Trust by 0.4% in the 1st quarter. Palisade Capital Management LP now owns 3,071,508 shares of the real estate investment trust’s stock worth $24,234,000 after acquiring an additional 11,235 shares in the last quarter. Woodline Partners LP raised its position in shares of RLJ Lodging Trust by 192.4% in the 1st quarter. Woodline Partners LP now owns 2,782,181 shares of the real estate investment trust’s stock worth $21,951,000 after acquiring an additional 1,830,803 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of RLJ Lodging Trust by 12.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,800,636 shares of the real estate investment trust’s stock worth $13,109,000 after acquiring an additional 198,568 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of RLJ Lodging Trust by 23.8% in the 1st quarter. LSV Asset Management now owns 1,662,214 shares of the real estate investment trust’s stock worth $13,115,000 after acquiring an additional 319,319 shares in the last quarter. 92.35% of the stock is owned by institutional investors.

RLJ Lodging Trust Trading Up 1.3%

Shares of NYSE:RLJ opened at $7.06 on Tuesday. The business’s 50-day moving average is $7.36 and its 200 day moving average is $7.33. RLJ Lodging Trust has a 1 year low of $6.16 and a 1 year high of $10.84. The firm has a market capitalization of $1.07 billion, a P/E ratio of 33.63 and a beta of 1.49. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.48 and a quick ratio of 2.48.

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

RLJ Lodging Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on RLJ shares. Weiss Ratings reissued a “hold (c-)” rating on shares of RLJ Lodging Trust in a research report on Wednesday, October 8th. Baird R W lowered RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Robert W. Baird reissued a “neutral” rating and issued a $7.50 price target (down from $9.00) on shares of RLJ Lodging Trust in a research report on Friday, October 3rd. Truist Financial upped their target price on RLJ Lodging Trust from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Finally, Wells Fargo & Company raised RLJ Lodging Trust to a “strong sell” rating in a research report on Friday, October 3rd. Two equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.10.

About RLJ Lodging Trust

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.