130,308 Shares in RLJ Lodging Trust $RLJ Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management purchased 130,308 shares of RLJ Lodging Trust in the second quarter, valued at approximately $1.54 million and representing about 0.09% of the REIT. Institutional investors collectively own 92.35% of RLJ.
• Analyst sentiment remains cautious: RLJ has a consensus rating of “Reduce” from 10 analysts, with an average price target of $10.94 versus a recent trading price of $11.49.
• RLJ reported quarterly EPS of $0.52, exceeding the $0.15 consensus estimate, while revenue rose 5.5% year over year to $382.99 million. The company also pays a quarterly dividend of $0.15 per share, implying a 5.2% annualized yield.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in RLJ Lodging Trust (NYSE:RLJ - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 130,308 shares of the real estate investment trust's stock, valued at approximately $1,544,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of RLJ Lodging Trust as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Donald Smith & CO. Inc. lifted its holdings in RLJ Lodging Trust by 23.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust's stock worth $97,899,000 after buying an additional 2,463,189 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of RLJ Lodging Trust by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 3,844,974 shares of the real estate investment trust's stock valued at $28,650,000 after acquiring an additional 114,163 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of RLJ Lodging Trust by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,709,660 shares of the real estate investment trust's stock valued at $27,637,000 after acquiring an additional 74,252 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of RLJ Lodging Trust by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 3,127,412 shares of the real estate investment trust's stock valued at $23,299,000 after acquiring an additional 94,291 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of RLJ Lodging Trust by 33.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,042,014 shares of the real estate investment trust's stock valued at $21,903,000 after acquiring an additional 759,913 shares in the last quarter. 92.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on RLJ. Barclays lifted their price objective on shares of RLJ Lodging Trust from $9.00 to $9.50 and gave the stock an "underweight" rating in a report on Tuesday, July 21st. LADENBURG THALM/SH SH increased their target price on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Wall Street Zen upgraded shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 7th. Wells Fargo & Company lifted their price target on shares of RLJ Lodging Trust from $9.00 to $11.00 and gave the company an "underweight" rating in a report on Thursday, July 23rd. Finally, UBS Group set a $13.00 price objective on shares of RLJ Lodging Trust in a research report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $10.94.

RLJ Lodging Trust Trading Up 0.1%

NYSE:RLJ opened at $11.49 on Friday. RLJ Lodging Trust has a 12-month low of $6.54 and a 12-month high of $12.89. The firm has a market capitalization of $1.75 billion, a P/E ratio of 7.88 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. The business has a 50 day simple moving average of $11.64 and a 200 day simple moving average of $9.56.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.37. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%.The firm had revenue of $382.99 million during the quarter, compared to the consensus estimate of $370.49 million. During the same period in the prior year, the business earned $0.48 EPS. The firm's revenue was up 5.5% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Equities research analysts predict that RLJ Lodging Trust will post 1.33 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given 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.

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