JPMorgan Chase & Co. Increases Stock Position in RLJ Lodging Trust $RLJ

JPMorgan Chase & Co. raised its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,204,026 shares of the real estate investment trust’s stock after purchasing an additional 226,335 shares during the period. JPMorgan Chase & Co. owned 3.44% of RLJ Lodging Trust worth $37,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Denali Advisors LLC purchased a new stake in shares of RLJ Lodging Trust in the third quarter worth about $1,432,000. Principal Financial Group Inc. grew its holdings in RLJ Lodging Trust by 1,871.5% during the 3rd quarter. Principal Financial Group Inc. now owns 201,603 shares of the real estate investment trust’s stock valued at $1,452,000 after buying an additional 191,377 shares in the last quarter. Prudential Financial Inc. increased its stake in RLJ Lodging Trust by 191.1% in the 2nd quarter. Prudential Financial Inc. now owns 740,265 shares of the real estate investment trust’s stock worth $5,389,000 after acquiring an additional 485,991 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of RLJ Lodging Trust by 36.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,282,101 shares of the real estate investment trust’s stock worth $16,614,000 after acquiring an additional 614,166 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of RLJ Lodging Trust by 22.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,201,825 shares of the real estate investment trust’s stock worth $15,853,000 after acquiring an additional 401,189 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RLJ. Barclays began coverage on shares of RLJ Lodging Trust in a report on Tuesday, January 6th. They issued an “underweight” rating and a $6.00 target price for the company. Zacks Research upgraded shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of RLJ Lodging Trust in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, RLJ Lodging Trust presently has a consensus rating of “Hold” and an average target price of $8.64.

RLJ Lodging Trust Trading Down 2.1%

Shares of RLJ stock opened at $7.48 on Friday. The company has a market cap of $1.14 billion, a PE ratio of 373.95 and a beta of 1.07. RLJ Lodging Trust has a 1 year low of $6.16 and a 1 year high of $8.70. The stock’s 50 day simple moving average is $7.83 and its two-hundred day simple moving average is $7.54. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Thursday, February 26th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. RLJ Lodging Trust had a return on equity of 1.54% and a net margin of 2.11%.The firm had revenue of $328.59 million during the quarter, compared to analysts’ expectations of $317.95 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.210-1.410 EPS. Research analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 8.0%. RLJ Lodging Trust’s payout ratio is 3,000.00%.

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.