Bank of New York Mellon Corp Cuts Stake in RLJ Lodging Trust $RLJ

Key Points

• Bank of New York Mellon cut its RLJ Lodging Trust stake by 13%, selling 83,916 shares and retaining 560,153 shares worth approximately $4.16 million. Institutional investors collectively own 92.35% of the REIT.
• RLJ reported strong second-quarter 2026 results, with revenue up 5.5% year over year to $383 million, adjusted FFO of $0.52 per share, and comparable RevPAR growth of 6.8%. The company raised its 2026 adjusted FFO outlook to $1.37–$1.50 per share.
• The company declared a quarterly dividend of $0.15 per share, representing a $0.60 annualized payout and approximately a 5.0% yield. Analyst sentiment remains cautious, with a consensus rating of “Reduce” and an average price target of $10.83.

Bank of New York Mellon Corp reduced its position in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 13.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 560,153 shares of the real estate investment trust's stock after selling 83,916 shares during the period. Bank of New York Mellon Corp owned approximately 0.37% of RLJ Lodging Trust worth $4,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in RLJ Lodging Trust by 2,721.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 3,347 shares during the last quarter. Daytona Street Capital LLC purchased a new position in shares of RLJ Lodging Trust in the 4th quarter valued at $28,000. PNC Financial Services Group Inc. grew its stake in shares of RLJ Lodging Trust by 166.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,618 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 2,887 shares in the last quarter. Danske Bank A S purchased a new stake in shares of RLJ Lodging Trust during the 3rd quarter valued at about $50,000. Finally, Los Angeles Capital Management LLC acquired a new position in RLJ Lodging Trust during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Stock Performance

RLJ Lodging Trust stock opened at $11.98 on Friday. RLJ Lodging Trust has a 52 week low of $6.54 and a 52 week high of $12.89. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.22. The stock has a market cap of $1.82 billion, a P/E ratio of -1,198.30 and a beta of 1.09. The stock has a 50 day moving average of $11.49 and a 200-day moving average of $9.30.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The business had revenue of $339.98 million during the quarter, compared to analyst estimates of $323.51 million. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. The business's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, analysts expect that RLJ Lodging Trust will post 1.26 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business 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 of this dividend was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. RLJ Lodging Trust's dividend payout ratio (DPR) is presently -6,000.00%.

RLJ Lodging Trust News Roundup

Here are the key news stories impacting RLJ Lodging Trust this week:

• Positive Sentiment: Second-quarter adjusted FFO was $0.52 per share, above the $0.49 consensus estimate and up from $0.48 a year earlier. Reported EPS of $0.52 also exceeded the $0.15 analyst estimate, although the company’s basic and diluted net income per share was $0.16. RLJ Lodging Tops Q2 FFO and Revenue Estimates
• Positive Sentiment: Revenue rose 5.5% year over year to $383.0 million, topping the $370.5 million analyst expectation. Net income increased 9.4% to $31.3 million, while adjusted EBITDA grew 6.1% to $110.4 million. RLJ Lodging Trust Reports Second Quarter 2026 Results
• Positive Sentiment: Comparable RevPAR, a key hotel industry performance measure, climbed 6.8% to $167.15, and comparable hotel EBITDA increased 7.1% to $119.5 million. The results indicate continued improvement in hotel demand and operating performance across RLJ’s portfolio. RLJ Lodging Trust Q2 Revenue Rises to $383 Million as Outlook Increases
• Positive Sentiment: RLJ raised its 2026 outlook, projecting adjusted FFO of $1.37 to $1.50 per diluted share, above the $1.26 consensus estimate, and comparable RevPAR growth of 3.5% to 4.5%. The board also declared a quarterly common dividend of $0.15 per share. RLJ Lodging Trust Outlook and Dividend Update
• Neutral Sentiment: RLJ sold one hotel in Fremont, California, for $13.2 million during the quarter and owned 91 hotels as of June 30, 2026. The transaction modestly improves liquidity but does not materially change the company’s operating outlook. RLJ Second Quarter 2026 Results
• Negative Sentiment: Zacks Research downgraded RLJ from “Strong Buy” to “Hold.” While the downgrade conflicts with the strong earnings and guidance update, it could weigh on investor sentiment and reduce some analyst-driven buying interest. Zacks Research

Analysts Set New Price Targets

RLJ has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 7th. UBS Group set a $13.00 target price on shares of RLJ Lodging Trust in a research note on Thursday, June 18th. Bank of America raised their price target on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the company an "underperform" rating in a report on Monday, July 20th. Wells Fargo & Company lifted their price target on shares of RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an "underweight" rating in a research note on Thursday, July 23rd. Finally, Zacks Research lowered shares of RLJ Lodging Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, RLJ Lodging Trust currently has an average rating of "Reduce" and a consensus price target of $10.83.

RLJ Lodging Trust Company Profile

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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