RLJ Lodging Trust $RLJ Shares Bought by LSV Asset Management

LSV Asset Management lifted its position in RLJ Lodging Trust (NYSE:RLJ) by 42.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,363,749 shares of the real estate investment trust’s stock after buying an additional 701,535 shares during the period. LSV Asset Management owned approximately 1.56% of RLJ Lodging Trust worth $17,208,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. grew its position in RLJ Lodging Trust by 0.5% during 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 purchasing an additional 28,880 shares in the last quarter. Woodline Partners LP increased its position in RLJ Lodging Trust by 192.4% during the first quarter. Woodline Partners LP now owns 2,782,181 shares of the real estate investment trust’s stock worth $21,951,000 after buying an additional 1,830,803 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in 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 purchasing an additional 198,568 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of RLJ Lodging Trust by 11.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 993,552 shares of the real estate investment trust’s stock worth $7,839,000 after buying an additional 103,065 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in RLJ Lodging Trust by 17.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 946,341 shares of the real estate investment trust’s stock valued at $7,467,000 after acquiring an additional 139,865 shares during the period. Institutional investors and hedge funds own 92.35% of the company’s stock.

RLJ Lodging Trust Trading Down 0.9%

Shares of RLJ Lodging Trust stock opened at $7.30 on Thursday. The firm has a 50-day moving average of $7.18 and a 200-day moving average of $7.35. The stock has a market cap of $1.10 billion, a PE ratio of 34.74 and a beta of 1.48. 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 52-week low of $6.16 and a 52-week high of $10.84.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $326.13 million. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.40 earnings per share. RLJ Lodging Trust has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend was Tuesday, September 30th. RLJ Lodging Trust’s payout ratio is currently 1,200.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Zacks Research downgraded shares of RLJ Lodging Trust from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Raymond James Financial upgraded RLJ Lodging Trust from a “market perform” rating to a “strong-buy” rating and set a $9.00 target price on the stock in a report on Wednesday, November 12th. Weiss Ratings reissued a “sell (d)” rating on shares of RLJ Lodging Trust in a report on Monday. Baird R W cut shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Truist Financial increased their price target on shares of RLJ Lodging Trust from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.08.

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.