Aberdeen Group plc Buys 3,930 Shares of RLJ Lodging Trust $RLJ

Aberdeen Group plc grew its position in RLJ Lodging Trust (NYSE:RLJ) by 9.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 45,799 shares of the real estate investment trust’s stock after acquiring an additional 3,930 shares during the period. Aberdeen Group plc’s holdings in RLJ Lodging Trust were worth $333,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of RLJ. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in RLJ Lodging Trust by 5.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,739 shares of the real estate investment trust’s stock worth $803,000 after purchasing an additional 5,209 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of RLJ Lodging Trust in the first quarter valued at approximately $551,000. KBC Group NV bought a new position in RLJ Lodging Trust in the 1st quarter valued at approximately $27,000. Asset Management One Co. Ltd. boosted its position in RLJ Lodging Trust by 0.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 222,411 shares of the real estate investment trust’s stock worth $1,755,000 after buying an additional 1,762 shares during the period. Finally, Victory Capital Management Inc. boosted its position in RLJ Lodging Trust by 2,455.6% during the 1st quarter. Victory Capital Management Inc. now owns 469,769 shares of the real estate investment trust’s stock worth $3,706,000 after buying an additional 451,387 shares during the period. Institutional investors and hedge funds own 92.35% of the company’s stock.

Analyst Upgrades and Downgrades

RLJ has been the subject of several recent research reports. Baird R W cut shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wells Fargo & Company upgraded RLJ Lodging Trust to a “strong sell” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of RLJ Lodging Trust in a report on Wednesday, October 8th. Truist Financial upped their price target on RLJ Lodging Trust from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Finally, Zacks Research upgraded RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.10.

RLJ Lodging Trust Trading Up 0.4%

NYSE RLJ opened at $6.92 on Friday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 32.93 and a beta of 1.49. The business has a 50 day simple moving average of $7.38 and a 200 day simple moving average of $7.32. 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 has a one year low of $6.16 and a one year high of $10.84.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $363.10 million for the quarter, compared to analyst estimates of $365.30 million. RLJ Lodging Trust had a return on equity of 3.03% and a net margin of 4.23%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. Research analysts expect that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Tuesday, September 30th. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 285.71%.

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.