Strs Ohio Makes New $226,000 Investment in RLJ Lodging Trust $RLJ

Strs Ohio acquired a new position in RLJ Lodging Trust (NYSE:RLJ) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,700 shares of the real estate investment trust’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in RLJ Lodging Trust by 11.6% in the first 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 during the last quarter. Woodline Partners LP boosted its position in RLJ Lodging Trust by 192.4% in the first quarter. Woodline Partners LP now owns 2,782,181 shares of the real estate investment trust’s stock worth $21,951,000 after purchasing an additional 1,830,803 shares during the last quarter. Aristeia Capital L.L.C. purchased a new position in RLJ Lodging Trust in the first quarter worth $294,000. Jacobs Levy Equity Management Inc. boosted its position in RLJ Lodging Trust by 17.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 946,341 shares of the real estate investment trust’s stock worth $7,467,000 after purchasing an additional 139,865 shares during the last quarter. Finally, Amundi boosted its position in RLJ Lodging Trust by 12.3% in the first quarter. Amundi now owns 90,874 shares of the real estate investment trust’s stock worth $717,000 after purchasing an additional 9,983 shares during the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Performance

NYSE:RLJ opened at $7.50 on Thursday. 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 has a 52-week low of $6.16 and a 52-week high of $10.84. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 35.71 and a beta of 1.50. The business’s fifty day moving average is $7.54 and its 200 day moving average is $7.51.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $365.30 million. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter 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. 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Tuesday, September 30th. RLJ Lodging Trust’s payout ratio is presently 285.71%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RLJ shares. Wells Fargo & Company boosted their price objective on RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 1st. Truist Financial upped their price target on RLJ Lodging Trust from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Finally, Zacks Research raised RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.50.

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.