Hsbc Holdings PLC Has $5.31 Million Stock Position in RLJ Lodging Trust $RLJ

Hsbc Holdings PLC lifted its position in RLJ Lodging Trust (NYSE:RLJ) by 40.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 449,234 shares of the real estate investment trust’s stock after acquiring an additional 129,308 shares during the period. Hsbc Holdings PLC’s holdings in RLJ Lodging Trust were worth $5,308,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RLJ. Amundi lifted its position in shares of RLJ Lodging Trust by 12.3% in the 1st quarter. Amundi now owns 90,874 shares of the real estate investment trust’s stock valued at $717,000 after acquiring an additional 9,983 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 purchasing an additional 103,065 shares in the last quarter. Norges Bank acquired a new stake in RLJ Lodging Trust during the 2nd quarter valued at $1,248,000. Invesco Ltd. raised its stake in RLJ Lodging Trust by 47.5% during the 2nd quarter. Invesco Ltd. now owns 1,634,179 shares of the real estate investment trust’s stock valued at $11,897,000 after purchasing an additional 526,172 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of RLJ Lodging Trust by 2,721.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 3,347 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RLJ. Wall Street Zen raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 7th. Raymond James Financial downgraded RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $9.00 to $11.00 in a research note on Thursday, May 28th. Wells Fargo & Company raised their price objective on RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. UBS Group set a $13.00 target price on RLJ Lodging Trust in a research note on Thursday, June 18th. Finally, Zacks Research downgraded RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $11.11.

RLJ Lodging Trust Trading Up 1.6%

Shares of NYSE:RLJ opened at $10.86 on Thursday. The firm has a fifty day moving average of $11.56 and a two-hundred day moving average of $9.85. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 1.50. RLJ Lodging Trust has a 12-month low of $6.54 and a 12-month high of $12.89. The firm has a market capitalization of $1.65 billion, a P/E ratio of 7.42 and a beta of 1.08.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share 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 business had revenue of $382.99 million for the quarter, compared to the consensus estimate of $370.49 million. During the same period in the prior year, the business posted $0.48 earnings per share. RLJ Lodging Trust’s revenue for the quarter was up 5.5% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. On average, equities analysts expect that RLJ Lodging Trust will post 1.33 EPS for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid 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 5.5%.

RLJ Lodging Trust 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.