RLJ Lodging Trust $RLJ Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 58.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 576,567 shares of the real estate investment trust’s stock after purchasing an additional 211,908 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.38% of RLJ Lodging Trust worth $4,197,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Woodline Partners LP raised its position in shares of 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 valued at $21,951,000 after buying an additional 1,830,803 shares during the last quarter. Wolverine Asset Management LLC grew its stake in RLJ Lodging Trust by 6,122.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 514,255 shares of the real estate investment trust’s stock worth $3,744,000 after acquiring an additional 505,991 shares during the period. Victory Capital Management Inc. raised its holdings in RLJ Lodging Trust by 2,455.6% in the 1st quarter. Victory Capital Management Inc. now owns 469,769 shares of the real estate investment trust’s stock valued at $3,706,000 after acquiring an additional 451,387 shares during the last quarter. LSV Asset Management lifted its stake in shares of RLJ Lodging Trust by 23.8% during the 1st quarter. LSV Asset Management now owns 1,662,214 shares of the real estate investment trust’s stock worth $13,115,000 after purchasing an additional 319,319 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of RLJ Lodging Trust during the 1st quarter worth $2,316,000. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

RLJ Lodging Trust Price Performance

RLJ stock opened at $7.54 on Friday. The company has a market cap of $1.14 billion, a PE ratio of 35.90 and a beta of 1.48. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.19. The stock has a 50-day moving average price of $7.17 and a two-hundred day moving average price of $7.36. RLJ Lodging Trust has a 12-month low of $6.16 and a 12-month high of $10.84.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. The firm had revenue of $330.05 million during the quarter, compared to analyst estimates of $326.13 million. During the same period in the prior year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. RLJ Lodging Trust has set its FY 2025 guidance at EPS. As a group, research analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 8.0%. The ex-dividend date was Tuesday, September 30th. RLJ Lodging Trust’s payout ratio is currently 1,200.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RLJ shares. Zacks Research downgraded RLJ Lodging Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Weiss Ratings reissued a “sell (d)” rating on shares of RLJ Lodging Trust in a research note on Monday, November 17th. Wells Fargo & Company upgraded RLJ Lodging Trust to a “strong sell” rating in a report on Friday, October 3rd. Truist Financial increased their price objective on shares of RLJ Lodging Trust from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, September 5th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $7.50 target price (down from $9.00) on shares of RLJ Lodging Trust in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.08.

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.