M&T Bank Corp Purchases Shares of 61,740 RLJ Lodging Trust $RLJ

M&T Bank Corp purchased a new stake in RLJ Lodging Trust (NYSE:RLJ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 61,740 shares of the real estate investment trust’s stock, valued at approximately $460,000.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of RLJ Lodging Trust by 2,721.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 3,347 shares during the period. Daytona Street Capital LLC bought a new stake in RLJ Lodging Trust in the 4th quarter valued at $28,000. Aster Capital Management DIFC Ltd bought a new stake in RLJ Lodging Trust in the 3rd quarter valued at $36,000. Danske Bank A S bought a new stake in shares of RLJ Lodging Trust during the 3rd quarter valued at $50,000. Finally, State of Wyoming lifted its position in shares of RLJ Lodging Trust by 23.6% during the 3rd quarter. State of Wyoming now owns 9,120 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 1,741 shares during the period. 92.35% of the stock is currently owned by institutional investors.

RLJ Lodging Trust Stock Up 0.9%

Shares of RLJ Lodging Trust stock opened at $8.31 on Friday. The stock’s 50-day moving average is $7.82 and its 200 day moving average is $7.62. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 415.55 and a beta of 1.09. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. RLJ Lodging Trust has a one year low of $6.54 and a one year high of $8.63.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $328.59 million for the quarter, compared to analyst estimates of $317.95 million. RLJ Lodging Trust had a return on equity of 1.54% and a net margin of 2.11%.The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.210-1.410 EPS. Equities research analysts anticipate that RLJ Lodging Trust will post 1.22 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.15 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.60 annualized dividend and a yield of 7.2%. RLJ Lodging Trust’s dividend payout ratio is presently 3,000.00%.

Analyst Ratings Changes

A number of analysts have recently weighed in on RLJ shares. Barclays began coverage on RLJ Lodging Trust in a research report on Tuesday, January 6th. They set an “underweight” rating and a $6.00 target price for the company. Zacks Research raised RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Truist Financial lowered their target price on RLJ Lodging Trust from $8.00 to $7.00 and set a “hold” rating for the company in a report on Monday, April 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of RLJ Lodging Trust in a research note on Monday, April 20th. Finally, LADENBURG THALM/SH SH began coverage on shares of RLJ Lodging Trust in a research report on Thursday, March 26th. They set a “neutral” rating and a $8.50 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.00.

RLJ Lodging Trust Company Profile

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.