RLJ Lodging Trust $RLJ Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of RLJ Lodging Trust (NYSE:RLJ) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,612 shares of the real estate investment trust’s stock after selling 6,234 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of RLJ Lodging Trust worth $2,182,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RLJ. Woodline Partners LP raised its stake in shares of RLJ Lodging Trust by 192.4% during the 1st quarter. Woodline Partners LP now owns 2,782,181 shares of the real estate investment trust’s stock worth $21,951,000 after buying an additional 1,830,803 shares during the period. Victory Capital Management Inc. raised its stake in shares of RLJ Lodging Trust by 2,455.6% during the 1st quarter. Victory Capital Management Inc. now owns 469,769 shares of the real estate investment trust’s stock worth $3,706,000 after buying an additional 451,387 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of RLJ Lodging Trust during the 4th quarter worth approximately $3,678,000. LSV Asset Management raised its stake in shares of RLJ Lodging Trust by 23.8% during the 1st quarter. LSV Asset Management now owns 1,662,214 shares of the real estate investment trust’s stock worth $13,115,000 after buying an additional 319,319 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of RLJ Lodging Trust during the 1st quarter worth approximately $2,316,000. 92.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RLJ has been the subject of several research analyst reports. Truist Financial upped their target price on RLJ Lodging Trust from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Wells Fargo & Company increased their price objective on RLJ Lodging Trust from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Wall Street Zen downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Finally, Zacks Research raised RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.50.

RLJ Lodging Trust Trading Up 0.3%

NYSE:RLJ opened at $7.62 on Thursday. The stock’s 50 day moving average price is $7.55 and its 200 day moving average price is $7.57. The company has a market capitalization of $1.15 billion, a PE ratio of 36.26 and a beta of 1.50. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.19. RLJ Lodging Trust has a 52-week low of $6.16 and a 52-week high of $10.84.

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

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Tuesday, September 30th. RLJ Lodging Trust’s dividend payout ratio is presently 285.71%.

RLJ Lodging Trust Profile

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.