Vert Asset Management LLC Sells 6,693 Shares of RLJ Lodging Trust $RLJ

Vert Asset Management LLC lowered its stake in shares of RLJ Lodging Trust (NYSE:RLJ) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,864 shares of the real estate investment trust’s stock after selling 6,693 shares during the quarter. Vert Asset Management LLC’s holdings in RLJ Lodging Trust were worth $494,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RLJ. Versant Capital Management Inc grew its position in RLJ Lodging Trust by 402.7% during the first quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 2,944 shares during the period. Asset Management One Co. Ltd. boosted its position in RLJ Lodging Trust by 0.8% during the first quarter. Asset Management One Co. Ltd. now owns 222,411 shares of the real estate investment trust’s stock worth $1,755,000 after purchasing an additional 1,762 shares during the period. KBC Group NV bought a new position in RLJ Lodging Trust during the first quarter worth about $27,000. Teacher Retirement System of Texas bought a new position in RLJ Lodging Trust during the first quarter worth about $177,000. Finally, Palisade Capital Management LP boosted its position in RLJ Lodging Trust by 0.4% during the first quarter. Palisade Capital Management LP now owns 3,071,508 shares of the real estate investment trust’s stock worth $24,234,000 after purchasing an additional 11,235 shares during the period. Institutional investors own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

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

RLJ Lodging Trust Price Performance

RLJ stock opened at $7.23 on Thursday. The firm has a 50 day moving average of $7.50 and a 200-day moving average of $7.45. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.19. RLJ Lodging Trust has a 12 month low of $6.16 and a 12 month high of $10.84. The firm has a market capitalization of $1.09 billion, a P/E ratio of 34.40 and a beta of 1.49.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data 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. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. The company had revenue of $363.10 million during the quarter, compared to analyst estimates of $365.30 million. During the same period last year, the business earned $0.51 earnings per share. RLJ Lodging Trust’s revenue 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. As a group, sell-side analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Tuesday, September 30th. RLJ Lodging Trust’s dividend payout ratio (DPR) is 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.