Bank of New York Mellon Corp Invests $7.48 Million in RLJ Lodging Trust $RLJ

Key Points

• Bank of New York Mellon acquired 631,403 shares of RLJ Lodging Trust valued at approximately $7.48 million, representing about 0.42% of the REIT. Institutional investors and hedge funds collectively own 92.35% of the stock.
• RLJ reported quarterly revenue of $382.99 million and earnings per share of $0.52, beating analyst estimates; revenue increased 5.5% year over year. The company issued fiscal 2026 EPS guidance of $1.37–$1.50.
• RLJ pays a quarterly dividend of $0.15, or $0.60 annually, yielding approximately 5.5%. Analysts’ consensus rating is “Reduce,” with a consensus price target of $11.11.

Bank of New York Mellon Corp purchased a new stake in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 631,403 shares of the real estate investment trust's stock, valued at approximately $7,482,000. Bank of New York Mellon Corp owned approximately 0.42% of RLJ Lodging Trust at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RLJ. EverSource Wealth Advisors LLC lifted its position in shares of RLJ Lodging Trust by 2,721.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 3,347 shares in the last quarter. PNC Financial Services Group Inc. grew its position in RLJ Lodging Trust by 166.8% during 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 purchasing an additional 2,887 shares in the last quarter. Danske Bank A S acquired a new position in RLJ Lodging Trust in the 3rd quarter valued at approximately $50,000. Los Angeles Capital Management LLC acquired a new position in RLJ Lodging Trust in the 4th quarter valued at approximately $51,000. Finally, Focus Partners Wealth acquired a new position in RLJ Lodging Trust in the 3rd quarter valued at approximately $73,000. 92.35% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Stock Performance

RLJ opened at $10.90 on Friday. The company has a market cap of $1.66 billion, a PE ratio of 7.69 and a beta of 1.08. The stock has a 50-day moving average of $11.63 and a 200-day moving average of $9.78. RLJ Lodging Trust has a 52-week low of $6.54 and a 52-week high of $12.89. The company has a debt-to-equity ratio of 1.50, a quick ratio of 5.71 and a current ratio of 5.71.

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 earnings per share for the quarter, beating 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 business had revenue of $382.99 million for the quarter, compared to the consensus estimate of $370.49 million. During the same period last year, the business earned $0.48 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. As a group, equities research analysts forecast that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Tuesday, June 30th.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RLJ. Raymond James Financial downgraded shares of RLJ Lodging Trust from a "strong-buy" rating to an "outperform" rating and upped their price target for the stock from $9.00 to $11.00 in a research note on Thursday, May 28th. Wall Street Zen raised RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 7th. Weiss Ratings downgraded RLJ Lodging Trust from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Barclays upped their target price on RLJ Lodging Trust from $9.50 to $11.00 and gave the stock an "underweight" rating in a research report on Thursday, August 27th. Finally, Zacks Research lowered RLJ Lodging Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Two equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $11.11.

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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