Invesco Ltd. Cuts Position in RLJ Lodging Trust $RLJ

Invesco Ltd. trimmed its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 11.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,108,007 shares of the real estate investment trust’s stock after selling 146,232 shares during the quarter. Invesco Ltd. owned 0.73% of RLJ Lodging Trust worth $8,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Investments LP grew its stake in RLJ Lodging Trust by 103.5% during the 4th quarter. Two Sigma Investments LP now owns 488,403 shares of the real estate investment trust’s stock worth $4,987,000 after buying an additional 248,350 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in RLJ Lodging Trust during the 4th quarter worth $995,000. Man Group plc grew its stake in RLJ Lodging Trust by 300.6% during the 4th quarter. Man Group plc now owns 712,904 shares of the real estate investment trust’s stock worth $7,279,000 after buying an additional 534,938 shares during the last quarter. Woodline Partners LP purchased a new position in RLJ Lodging Trust during the 4th quarter worth $9,714,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in RLJ Lodging Trust by 5.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,739 shares of the real estate investment trust’s stock worth $803,000 after buying an additional 5,209 shares during the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

RLJ Lodging Trust Stock Performance

Shares of RLJ opened at $7.7050 on Monday. The stock has a 50-day moving average of $7.45 and a two-hundred day moving average of $7.77. RLJ Lodging Trust has a one year low of $6.16 and a one year 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. The stock has a market cap of $1.16 billion, a P/E ratio of 36.69 and a beta of 1.54.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. RLJ Lodging Trust had a return on equity of 3.03% and a net margin of 4.23%.The company had revenue of $363.10 million during the quarter, compared to analysts’ expectations of $365.30 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. As a group, research analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.15 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.8%. RLJ Lodging Trust’s dividend payout ratio is presently 285.71%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RLJ. Wells Fargo & Company boosted their target price on RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 1st. Oppenheimer dropped their target price on 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 downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Finally, Truist Financial lowered their price target on 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. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.25.

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.