Deutsche Bank AG acquired a new stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 166,107 shares of the real estate investment trust's stock, valued at approximately $1,968,000. Deutsche Bank AG owned approximately 0.11% of RLJ Lodging Trust at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of RLJ. EverSource Wealth Advisors LLC increased 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 during the period. PNC Financial Services Group Inc. lifted 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 worth $34,000 after purchasing an additional 2,887 shares during the period. Danske Bank A S bought a new stake in RLJ Lodging Trust during the third quarter worth about $50,000. Los Angeles Capital Management LLC acquired a new stake in RLJ Lodging Trust during the fourth quarter worth about $51,000. Finally, Focus Partners Wealth acquired a new stake in RLJ Lodging Trust during the third quarter worth about $73,000. 92.35% of the stock is currently owned by institutional investors.
RLJ Lodging Trust Price Performance
Shares of NYSE:RLJ opened at $11.46 on Friday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 7.90 and a beta of 1.09. The company has a debt-to-equity ratio of 1.50, a current ratio of 5.71 and a quick ratio of 5.71. The firm has a 50 day simple moving average of $11.66 and a 200 day simple moving average of $9.69. RLJ Lodging Trust has a one year low of $6.54 and a one year high of $12.89.
RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.37. The firm had revenue of $382.99 million for the quarter, compared to analysts' expectations of $370.49 million. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Research analysts predict that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.
RLJ Lodging Trust Announces Dividend
The company also recently disclosed 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 was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%.
Wall Street Analysts Forecast Growth
Several research firms have commented on RLJ. LADENBURG THALM/SH SH raised their target price on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Bank of America increased their price target on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the stock an "underperform" rating in a research report on Monday, July 20th. Raymond James Financial cut shares of RLJ Lodging Trust from a "strong-buy" rating to an "outperform" rating and lifted their price objective for the company from $9.00 to $11.00 in a research note on Thursday, May 28th. Weiss Ratings downgraded shares of RLJ Lodging Trust from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Finally, 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 note on Thursday. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $11.11.
Check Out Our Latest Report on RLJ Lodging Trust
RLJ Lodging Trust Company Profile
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Free Report)
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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