37,266 Shares in RLJ Lodging Trust $RLJ Acquired by Aristeia Capital L.L.C.

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

A number of other large investors have also recently made changes to their positions in RLJ. Woodline Partners LP purchased a new stake in shares of RLJ Lodging Trust during the fourth quarter valued at $9,714,000. Ameriprise Financial Inc. lifted its stake in RLJ Lodging Trust by 58.5% in the fourth quarter. Ameriprise Financial Inc. now owns 2,398,066 shares of the real estate investment trust's stock worth $24,486,000 after acquiring an additional 885,071 shares during the period. Man Group plc lifted its stake in RLJ Lodging Trust by 300.6% in the fourth quarter. Man Group plc now owns 712,904 shares of the real estate investment trust's stock worth $7,279,000 after acquiring an additional 534,938 shares during the period. Victory Capital Management Inc. lifted its stake in RLJ Lodging Trust by 2,455.6% in the first quarter. Victory Capital Management Inc. now owns 469,769 shares of the real estate investment trust's stock worth $3,706,000 after acquiring an additional 451,387 shares during the period. Finally, Northern Trust Corp lifted its stake in RLJ Lodging Trust by 25.4% in the fourth quarter. Northern Trust Corp now owns 2,161,489 shares of the real estate investment trust's stock worth $22,069,000 after acquiring an additional 438,024 shares during the period. 92.35% of the stock is owned by hedge funds and other institutional investors.

RLJ Lodging Trust Stock Down 0.7%

Shares of RLJ traded down $0.06 during mid-day trading on Friday, hitting $7.65. 1,594,793 shares of the company traded hands, compared to its average volume of 2,111,749. RLJ Lodging Trust has a 1-year low of $6.16 and a 1-year high of $10.84. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.16 billion, a PE ratio of 36.40 and a beta of 1.50. The business has a 50 day moving average of $7.55 and a 200 day moving average of $7.58.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings data 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. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. The firm had revenue of $363.10 million for the quarter, compared to the consensus estimate of $365.30 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company's revenue for the quarter 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. Equities research analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on RLJ. Wells Fargo & Company upped their price objective on shares of RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Zacks Research raised shares of RLJ Lodging Trust from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 9th. Wall Street Zen downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Truist Financial boosted their target price on shares of RLJ Lodging Trust from $7.00 to $8.00 and gave the stock a "hold" rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, RLJ Lodging Trust has an average rating of "Hold" and an average price target of $9.50.

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.