Denali Advisors LLC Buys Shares of 198,900 RLJ Lodging Trust $RLJ

Denali Advisors LLC purchased a new position in shares of RLJ Lodging Trust (NYSE:RLJ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 198,900 shares of the real estate investment trust’s stock, valued at approximately $2,357,000.

A number of other large investors have also added to or reduced their stakes in the business. Donald Smith & CO. Inc. lifted its holdings in shares of RLJ Lodging Trust by 23.1% during the fourth quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust’s stock worth $97,899,000 after purchasing an additional 2,463,189 shares during the period. Geode Capital Management LLC boosted its position in shares of RLJ Lodging Trust by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 3,844,974 shares of the real estate investment trust’s stock valued at $28,650,000 after purchasing an additional 114,163 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of RLJ Lodging Trust by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,709,660 shares of the real estate investment trust’s stock worth $27,637,000 after buying an additional 74,252 shares in the last quarter. Fisher Asset Management LLC boosted its stake in RLJ Lodging Trust by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 3,127,412 shares of the real estate investment trust’s stock worth $23,299,000 after acquiring an additional 94,291 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of RLJ Lodging Trust by 33.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,042,014 shares of the real estate investment trust’s stock valued at $21,903,000 after buying an additional 759,913 shares during the period. Institutional investors own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RLJ shares. Bank of America lifted their price objective on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the company an “underperform” rating in a report on Monday, July 20th. Wall Street Zen upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 7th. Raymond James Financial lowered RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $9.00 to $11.00 in a research note on Thursday, May 28th. Weiss Ratings cut shares of RLJ Lodging Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research cut RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $10.94.

RLJ Lodging Trust Stock Up 1.4%

Shares of NYSE:RLJ opened at $11.35 on Thursday. The firm has a fifty day moving average of $11.62 and a 200 day moving average of $9.52. RLJ Lodging Trust has a 52-week low of $6.54 and a 52-week high of $12.89. The company has a debt-to-equity ratio of 1.50, a quick ratio of 5.71 and a current ratio of 5.71. The firm has a market capitalization of $1.73 billion, a PE ratio of 7.77 and a beta of 1.09.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.37. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%.The company had revenue of $382.99 million for the quarter, compared to analysts’ expectations of $370.49 million. During the same period last year, the firm posted $0.48 EPS. RLJ Lodging Trust’s revenue for the quarter was up 5.5% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. As a group, research analysts anticipate that RLJ Lodging Trust will post 1.26 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, June 30th.

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.