Denali Advisors LLC Takes $2.36 Million Position in RLJ Lodging Trust $RLJ

Key Points

• Denali Advisors LLC initiated a $2.36 million position in RLJ Lodging Trust, purchasing 198,900 shares and owning approximately 0.13% of the REIT. Institutional investors collectively hold 92.35% of RLJ’s stock.
• Analyst sentiment remains cautious: RLJ has an average “Reduce” rating and a consensus price target of $10.94, below its reported trading price of $11.35.
• RLJ reported quarterly earnings of $0.52 per share, surpassing the $0.15 estimate, while revenue rose 5.5% year over year to $382.99 million. The company also pays a quarterly dividend of $0.15 per share, representing an annualized yield of about 5.3%.

Denali Advisors LLC purchased a new position in RLJ Lodging Trust (NYSE:RLJ - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 198,900 shares of the real estate investment trust's stock, valued at approximately $2,357,000. Denali Advisors LLC owned about 0.13% of RLJ Lodging Trust at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Sei Investments Co. lifted its position in RLJ Lodging Trust by 122.5% in the first quarter. Sei Investments Co. now owns 251,168 shares of the real estate investment trust's stock worth $1,864,000 after purchasing an additional 138,259 shares during the period. Hsbc Holdings PLC boosted its position in RLJ Lodging Trust by 35.1% in the first quarter. Hsbc Holdings PLC now owns 319,926 shares of the real estate investment trust's stock valued at $2,375,000 after buying an additional 83,086 shares in the last quarter. Aegis Financial Corp boosted its holdings in shares of RLJ Lodging Trust by 57.2% in the 1st quarter. Aegis Financial Corp now owns 1,999,425 shares of the real estate investment trust's stock worth $14,836,000 after acquiring an additional 727,608 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in RLJ Lodging Trust by 23.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust's stock worth $97,899,000 after purchasing an additional 2,463,189 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in RLJ Lodging Trust by 2,111.3% during the 1st quarter. Renaissance Technologies LLC now owns 299,232 shares of the real estate investment trust's stock worth $2,220,000 after buying an additional 285,700 shares in the last quarter. Institutional investors own 92.35% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group set a $13.00 price objective on RLJ Lodging Trust in a report on Thursday, June 18th. LADENBURG THALM/SH SH upped their target price on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Weiss Ratings lowered RLJ Lodging Trust from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Bank of America upped their price objective on RLJ Lodging Trust from $9.25 to $10.50 and gave the stock an "underperform" rating in a research report on Monday, July 20th. Finally, Zacks Research downgraded RLJ Lodging Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $10.94.

RLJ Lodging Trust Trading Up 1.4%

Shares of RLJ stock opened at $11.35 on Thursday. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average price of $11.62 and a two-hundred day moving average price of $9.52. RLJ Lodging Trust has a 12-month low of $6.54 and a 12-month high of $12.89. The company has a market capitalization of $1.73 billion, a PE ratio of 7.77 and a beta of 1.09.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $382.99 million for the quarter, compared to analysts' expectations of $370.49 million. During the same quarter last year, the business earned $0.48 EPS. The company's quarterly 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, analysts predict that RLJ Lodging Trust will post 1.26 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors 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 dividend on an annualized basis and a yield of 5.3%.

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.

Want to see what other hedge funds are holding RLJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RLJ Lodging Trust (NYSE:RLJ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source