Ieq Capital LLC Takes $1.04 Million Position in RLJ Lodging Trust $RLJ

Ieq Capital LLC acquired a new stake in RLJ Lodging Trust (NYSE:RLJ) in the second quarter, Holdings Channel.com reports. The fund acquired 87,409 shares of the real estate investment trust’s stock, valued at approximately $1,036,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Donald Smith & CO. Inc. raised its position in RLJ Lodging Trust by 23.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust’s stock valued at $97,899,000 after purchasing an additional 2,463,189 shares during the period. Geode Capital Management LLC grew its holdings in shares of RLJ Lodging Trust by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 3,844,974 shares of the real estate investment trust’s stock worth $28,650,000 after purchasing an additional 114,163 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of RLJ Lodging Trust by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,709,660 shares of the real estate investment trust’s stock worth $27,637,000 after purchasing an additional 74,252 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of RLJ Lodging Trust by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 3,127,412 shares of the real estate investment trust’s stock worth $23,299,000 after purchasing an additional 94,291 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in RLJ Lodging Trust by 33.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,042,014 shares of the real estate investment trust’s stock valued at $21,903,000 after buying an additional 759,913 shares during the period. 92.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on RLJ shares. Wells Fargo & Company upped their target price on shares of RLJ Lodging Trust from $9.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Barclays lifted their price target on shares of RLJ Lodging Trust from $9.00 to $9.50 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Bank of America upped their price objective on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the stock an “underperform” rating in a report on Monday, July 20th. Zacks Research cut shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $13.00 target price (up from $10.00) on shares of RLJ Lodging Trust in a report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $10.94.

RLJ Lodging Trust Trading Down 1.0%

Shares of RLJ stock opened at $11.45 on Thursday. RLJ Lodging Trust has a fifty-two week low of $6.54 and a fifty-two week high of $12.89. The company has a 50 day moving average price of $11.66 and a 200 day moving average price of $9.66. The stock has a market capitalization of $1.74 billion, a P/E ratio of 8.03 and a beta of 1.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 5.71 and a current ratio of 5.71.

RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.37. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The company had revenue of $382.99 million for the quarter, compared to analyst estimates of $370.49 million. During the same period in the prior year, the business earned $0.48 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Equities research analysts predict that RLJ Lodging Trust will post 1.33 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.