Hsbc Holdings PLC Buys Shares of 449,234 RLJ Lodging Trust $RLJ

Hsbc Holdings PLC purchased a new stake in RLJ Lodging Trust (NYSE:RLJ) during the second quarter, Holdings Channel.com reports. The firm purchased 449,234 shares of the real estate investment trust’s stock, valued at approximately $5,308,000.

Other large investors have also recently made changes to their positions in the company. Amundi boosted its position in RLJ Lodging Trust by 12.3% during the first quarter. Amundi now owns 90,874 shares of the real estate investment trust’s stock valued at $717,000 after purchasing an additional 9,983 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 valued at $7,839,000 after purchasing an additional 103,065 shares during the last quarter. Norges Bank bought a new position in RLJ Lodging Trust in the second quarter worth about $1,248,000. Invesco Ltd. raised its holdings in RLJ Lodging Trust by 47.5% in the second quarter. Invesco Ltd. now owns 1,634,179 shares of the real estate investment trust’s stock worth $11,897,000 after purchasing an additional 526,172 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of RLJ Lodging Trust by 2,721.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 3,347 shares during the last quarter. 92.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RLJ. LADENBURG THALM/SH SH raised their price target on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Bank of America boosted their price objective on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Barclays increased their target price on shares of RLJ Lodging Trust from $9.50 to $11.00 and gave the company an “underweight” rating in a research report on Thursday. Truist Financial raised their target price on shares of RLJ Lodging Trust from $7.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Finally, Raymond James Financial lowered shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and lifted their price target for the stock from $9.00 to $11.00 in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, RLJ Lodging Trust currently has an average rating of “Reduce” and an average target price of $11.11.

RLJ Lodging Trust Trading Up 0.7%

Shares of NYSE:RLJ opened at $11.46 on Friday. The business’s 50-day moving average is $11.66 and its 200 day moving average is $9.69. RLJ Lodging Trust has a 1 year low of $6.54 and a 1 year high of $12.89. The firm has a market capitalization of $1.75 billion, a P/E ratio of 7.90 and a beta of 1.09. The company has a debt-to-equity ratio of 1.50, a current ratio of 5.71 and a quick ratio of 5.71.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.37. The company had revenue of $382.99 million during the quarter, compared to analysts’ expectations of $370.49 million. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%.The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. On average, research analysts predict that RLJ Lodging Trust will post 1.33 earnings per share 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 issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 5.2%.

About RLJ Lodging Trust

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.