Capital Fund Management S.A. Invests $590,000 in RLJ Lodging Trust $RLJ

Key Points

• Capital Fund Management S.A. acquired 74,793 shares of RLJ Lodging Trust, valued at approximately $590,000, marking a significant investment in the real estate investment trust.
• RLJ Lodging Trust reported a quarterly EPS of $0.48, exceeding estimates, but experienced a revenue decline of 1.7% year-over-year.
• The company's dividend yield is currently at 7.9%, with a recent declaration of a quarterly dividend of $0.15 per share.

Capital Fund Management S.A. acquired a new stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 74,793 shares of the real estate investment trust's stock, valued at approximately $590,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RLJ. Woodline Partners LP bought a new stake in RLJ Lodging Trust in the fourth quarter valued at approximately $9,714,000. Ameriprise Financial Inc. raised 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 valued at $24,486,000 after buying an additional 885,071 shares during the period. Invenomic Capital Management LP bought a new stake in RLJ Lodging Trust in the fourth quarter valued at approximately $9,036,000. Man Group plc raised 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 valued at $7,279,000 after buying an additional 534,938 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of 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 valued at $3,706,000 after purchasing an additional 451,387 shares during the last quarter. Institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Price Performance

NYSE:RLJ traded down $0.00 during trading hours on Friday, reaching $7.71. 1,750,701 shares of the company were exchanged, compared to its average volume of 2,438,867. The company has a market capitalization of $1.16 billion, a P/E ratio of 36.70 and a beta of 1.54. RLJ Lodging Trust has a 1-year low of $6.16 and a 1-year high of $10.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.48 and a quick ratio of 2.48. The business has a 50 day moving average of $7.50 and a 200 day moving average of $7.71.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. The business had revenue of $363.10 million for the quarter, compared to the consensus estimate of $365.30 million. RLJ Lodging Trust had a return on equity of 3.03% and a net margin of 4.23%.The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. Research analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.8%. RLJ Lodging Trust's payout ratio is 285.71%.

Analysts Set New Price Targets

Several equities analysts have recently commented on RLJ shares. Wall Street Zen downgraded RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Oppenheimer decreased their target price on RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company upped 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. Finally, Truist Financial decreased their target price on RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating on the stock in a research report on Monday, June 9th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $9.25.

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.