Allianz Asset Management GmbH Has $13.11 Million Holdings in RLJ Lodging Trust $RLJ

Key Points

• Allianz Asset Management GmbH increased its stake in RLJ Lodging Trust by 12.4%, now owning approximately 1.19% of the company, worth around $13.11 million.
• RLJ Lodging Trust reported earnings of $0.48 per share for the latest quarter, exceeding consensus estimates of $0.46, despite experiencing a 1.7% decline in quarterly revenue year-over-year.
• The company declared a $0.15 dividend recently, representing an annualized yield of 8.5%, although its payout ratio stands at 285.71%.

Allianz Asset Management GmbH raised its stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 12.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,800,636 shares of the real estate investment trust's stock after acquiring an additional 198,568 shares during the quarter. Allianz Asset Management GmbH owned about 1.19% of RLJ Lodging Trust worth $13,109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Aberdeen Group plc increased its position in RLJ Lodging Trust by 3.6% in the 1st quarter. Aberdeen Group plc now owns 41,869 shares of the real estate investment trust's stock valued at $330,000 after acquiring an additional 1,452 shares in the last quarter. Asset Management One Co. Ltd. increased its position in RLJ Lodging Trust by 0.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 222,411 shares of the real estate investment trust's stock valued at $1,755,000 after acquiring an additional 1,762 shares in the last quarter. KBC Group NV acquired a new stake in shares of RLJ Lodging Trust during the 1st quarter worth approximately $27,000. Inspire Investing LLC grew its position in shares of RLJ Lodging Trust by 10.7% during the 1st quarter. Inspire Investing LLC now owns 43,412 shares of the real estate investment trust's stock worth $343,000 after buying an additional 4,206 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of RLJ Lodging Trust by 1.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 364,659 shares of the real estate investment trust's stock worth $2,877,000 after buying an additional 4,466 shares during the period. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Stock Up 2.2%

RLJ Lodging Trust stock opened at $7.08 on Tuesday. The company's 50 day simple moving average is $7.38 and its 200 day simple moving average is $7.32. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $10.84. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 33.72 and a beta of 1.49. 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 - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $363.10 million for the quarter, compared to analyst estimates of $365.30 million. During the same quarter last year, the firm earned $0.51 EPS. RLJ Lodging Trust's quarterly 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 anticipate that RLJ Lodging Trust will post 1.37 EPS 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 paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 8.5%. RLJ Lodging Trust's payout ratio is presently 285.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RLJ. Weiss Ratings reiterated a "hold (c-)" rating on shares of RLJ Lodging Trust in a research report on Wednesday, October 8th. 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. Wells Fargo & Company upgraded shares of RLJ Lodging Trust to a "strong sell" rating in a research report on Friday, October 3rd. 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. Finally, Robert W. Baird reiterated a "neutral" rating and set a $7.50 price target (down previously from $9.00) on shares of RLJ Lodging Trust in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, RLJ Lodging Trust has an average rating of "Hold" and a consensus price target of $9.10.

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.

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