54,796 Shares in RLJ Lodging Trust $RLJ Bought by Savant Capital LLC

Savant Capital LLC acquired a new stake in RLJ Lodging Trust (NYSE:RLJ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,796 shares of the real estate investment trust’s stock, valued at approximately $399,000.

Several other hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC purchased a new stake in shares of RLJ Lodging Trust in the 2nd quarter valued at about $76,000. Blueshift Asset Management LLC acquired a new position in RLJ Lodging Trust during the first quarter worth approximately $82,000. AlphaQuest LLC lifted its stake in 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 valued at $83,000 after buying an additional 9,722 shares during the last quarter. State of Wyoming acquired a new stake in shares of RLJ Lodging Trust in the first quarter valued at approximately $90,000. Finally, Ieq Capital LLC acquired a new stake in shares of RLJ Lodging Trust in the first quarter valued at approximately $99,000. Hedge funds and other institutional investors own 92.35% of the company’s stock.

Analyst Ratings Changes

RLJ has been the topic of a number of recent research reports. Zacks Research raised shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 9th. Baird R W downgraded shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Truist Financial upped their target price on shares of RLJ Lodging Trust from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, September 5th. Wells Fargo & Company upgraded shares of RLJ Lodging Trust to a “strong sell” rating in a research note on Friday, October 3rd. Finally, Robert W. Baird reissued a “neutral” rating and set a $7.50 price target (down previously from $9.00) on shares of RLJ Lodging Trust in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.08.

RLJ Lodging Trust Stock Down 0.6%

RLJ stock opened at $7.44 on Monday. The stock has a market capitalization of $1.12 billion, a PE ratio of 35.40 and a beta of 1.48. The company has a fifty day moving average of $7.20 and a 200-day moving average of $7.35. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.48 and a current ratio of 2.48. RLJ Lodging Trust has a one year low of $6.16 and a one year high of $10.84.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $330.05 million for the quarter, compared to analyst estimates of $326.13 million. RLJ Lodging Trust had a return on equity of 3.03% and a net margin of 4.23%.The company’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. RLJ Lodging Trust has set its FY 2025 guidance at EPS. As a group, analysts expect that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend was Tuesday, September 30th. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 1,200.00%.

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.