Charles Schwab Investment Management Inc. Sells 7,150 Shares of RLJ Lodging Trust $RLJ

Charles Schwab Investment Management Inc. decreased its position in RLJ Lodging Trust (NYSE:RLJ) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,683,795 shares of the real estate investment trust’s stock after selling 7,150 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.43% of RLJ Lodging Trust worth $29,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV acquired a new position in RLJ Lodging Trust in the first quarter valued at $27,000. GF Fund Management CO. LTD. acquired a new stake in shares of RLJ Lodging Trust in the 4th quarter worth about $29,000. Versant Capital Management Inc grew its position in RLJ Lodging Trust by 402.7% in the 1st quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,944 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in RLJ Lodging Trust in the 1st quarter worth about $82,000. Finally, CreativeOne Wealth LLC bought a new stake in RLJ Lodging Trust in the 4th quarter worth about $111,000. Institutional investors and hedge funds own 92.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RLJ shares. Truist Financial reduced their target price on shares of RLJ Lodging Trust from $10.00 to $7.00 and set a “hold” rating for the company in a research report on Monday, June 9th. Oppenheimer lowered their target price on shares of RLJ Lodging Trust from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Wall Street Zen cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company raised their price objective on shares of RLJ Lodging Trust from $6.00 to $7.00 and gave the company an “underweight” rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $9.25.

RLJ Lodging Trust Price Performance

RLJ stock opened at $7.4210 on Wednesday. The firm has a 50 day moving average price of $7.44 and a 200-day moving average price of $7.83. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 35.34 and a beta of 1.54. RLJ Lodging Trust has a 52-week low of $6.16 and a 52-week high of $10.84. 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 (NYSE:RLJ) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $363.10 million during the quarter, compared to analyst estimates of $365.30 million. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. RLJ Lodging Trust’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. Equities research analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.15 per share. The ex-dividend date was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 8.1%. RLJ Lodging Trust’s dividend payout ratio is 285.71%.

About RLJ Lodging Trust

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.