71,758 Shares in RLJ Lodging Trust $RLJ Acquired by Virtus Advisers LLC

Virtus Advisers LLC bought a new position in shares of RLJ Lodging Trust (NYSE:RLJ) in the second quarter, HoldingsChannel.com reports. The firm bought 71,758 shares of the real estate investment trust’s stock, valued at approximately $850,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Donald Smith & CO. Inc. raised its position in shares of RLJ Lodging Trust by 23.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust’s stock worth $97,899,000 after acquiring an additional 2,463,189 shares in the last quarter. Centersquare Investment Management LLC purchased a new stake in shares of RLJ Lodging Trust during the 4th quarter worth $13,254,000. Aegis Financial Corp bought a new stake in RLJ Lodging Trust during the fourth quarter valued at about $9,475,000. Ameriprise Financial Inc. boosted its position in RLJ Lodging Trust by 286.2% during the second quarter. Ameriprise Financial Inc. now owns 1,618,413 shares of the real estate investment trust’s stock valued at $11,783,000 after purchasing an additional 1,199,318 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in RLJ Lodging Trust by 179.5% in the second quarter. AQR Capital Management LLC now owns 1,434,974 shares of the real estate investment trust’s stock valued at $10,447,000 after purchasing an additional 921,548 shares during the last quarter. Institutional investors own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RLJ shares. Barclays boosted their target price on shares of RLJ Lodging Trust from $9.00 to $9.50 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 7th. Raymond James Financial downgraded shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $9.00 to $11.00 in a research report on Thursday, May 28th. Wells Fargo & Company increased 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. Finally, Bank of America increased their target price on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the company an “underperform” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $10.94.

RLJ Lodging Trust Stock Up 1.1%

Shares of RLJ stock opened at $11.47 on Friday. The stock’s fifty day moving average price is $11.63 and its 200 day moving average price is $9.55. RLJ Lodging Trust has a 1-year low of $6.54 and a 1-year high of $12.89. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 7.88 and a beta of 1.09. The company has a debt-to-equity ratio of 1.50, a current ratio of 5.71 and a quick ratio of 5.71.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.37. The company had revenue of $382.99 million during the quarter, compared to analysts’ expectations of $370.49 million. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%.The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. On average, research analysts expect that RLJ Lodging Trust will post 1.31 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

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

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.