Aristeia Capital L.L.C. Makes New $294,000 Investment in RLJ Lodging Trust $RLJ

Key Points

• Aristeia Capital L.L.C. has acquired a new position in RLJ Lodging Trust, purchasing 37,266 shares valued at approximately $294,000.
• The stock has experienced changes in analyst ratings, with Truist Financial raising its price target from $7.00 to $8.00 and assigning a "hold" rating.
• RLJ Lodging Trust recently declared a quarterly dividend of $0.15 per share, yielding 7.8%, despite a high dividend payout ratio of 285.71%.

Aristeia Capital L.L.C. purchased a new stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,266 shares of the real estate investment trust's stock, valued at approximately $294,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new stake in RLJ Lodging Trust in the 4th quarter valued at $29,000. KBC Group NV purchased a new stake in RLJ Lodging Trust in the 1st quarter valued at $27,000. Versant Capital Management Inc raised its position in RLJ Lodging Trust by 402.7% in the 1st quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 2,944 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in RLJ Lodging Trust in the 1st quarter valued at $82,000. Finally, AlphaQuest LLC raised its position in RLJ Lodging Trust by 1,138.4% in the 1st quarter. AlphaQuest LLC now owns 10,576 shares of the real estate investment trust's stock valued at $83,000 after buying an additional 9,722 shares during the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their target price on RLJ Lodging Trust from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Wall Street Zen lowered RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Zacks Research raised RLJ Lodging Trust from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, Truist Financial raised their target price 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. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, RLJ Lodging Trust currently has a consensus rating of "Hold" and an average price target of $9.50.

RLJ Lodging Trust Stock Performance

RLJ traded down $0.06 during trading hours on Friday, hitting $7.65. The stock had a trading volume of 1,594,793 shares, compared to its average volume of 2,209,064. The company's fifty day simple moving average is $7.55 and its 200 day simple moving average is $7.60. RLJ Lodging Trust has a 1 year low of $6.16 and a 1 year high of $10.84. The stock has a market cap of $1.16 billion, a PE ratio of 36.40 and a beta of 1.50. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.19.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced 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 return on equity of 3.03% and a net margin of 4.23%.The company had revenue of $363.10 million during the quarter, compared to analyst estimates of $365.30 million. During the same quarter last year, the firm posted $0.51 EPS. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. Equities analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

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.