LSV Asset Management Buys 701,535 Shares of RLJ Lodging Trust $RLJ

LSV Asset Management grew its position in shares of RLJ Lodging Trust (NYSE:RLJ) by 42.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,363,749 shares of the real estate investment trust’s stock after buying an additional 701,535 shares during the period. LSV Asset Management’s holdings in RLJ Lodging Trust were worth $17,208,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. KBC Group NV raised its holdings in shares of RLJ Lodging Trust by 55.2% in the second quarter. KBC Group NV now owns 5,258 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,870 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of RLJ Lodging Trust during the 2nd quarter worth approximately $76,000. Blueshift Asset Management LLC purchased a new position in shares of RLJ Lodging Trust in the 1st quarter worth approximately $82,000. AlphaQuest LLC increased its position in shares of RLJ Lodging Trust by 1,138.4% during the first quarter. AlphaQuest LLC now owns 10,576 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 9,722 shares during the last quarter. Finally, State of Wyoming bought a new stake in RLJ Lodging Trust during the first quarter worth $90,000. 92.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RLJ. Weiss Ratings reissued a “sell (d)” rating on shares of RLJ Lodging Trust in a report on Monday. Zacks Research lowered RLJ Lodging Trust from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Raymond James Financial upgraded RLJ Lodging Trust from a “market perform” rating to a “strong-buy” rating and set a $9.00 target price on the stock in a research note on Wednesday, November 12th. Baird R W lowered RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Wells Fargo & Company upgraded shares of RLJ Lodging Trust to a “strong sell” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.08.

RLJ Lodging Trust Trading Down 0.9%

RLJ opened at $7.30 on Thursday. The business has a 50 day simple moving average of $7.18 and a two-hundred day simple moving average of $7.35. RLJ Lodging Trust has a one year low of $6.16 and a one year high of $10.84. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 34.74 and a beta of 1.48. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.48 and a quick ratio of 2.48.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $326.13 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2025 guidance at EPS. Analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 8.2%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 1,200.00%.

About RLJ Lodging Trust

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.