Hsbc Holdings PLC Buys Shares of 449,234 RLJ Lodging Trust $RLJ

Key Points

• HSBC Holdings acquired 449,234 shares of RLJ Lodging Trust during the second quarter, valued at approximately $5.3 million and representing about 0.29% of the REIT.
• RLJ reported quarterly earnings of $0.52 per share, well above the $0.15 analyst consensus, while revenue rose 5.5% year over year to $383 million. The company also maintained a $0.15 quarterly dividend, yielding about 5.2% annually.
• RLJ shares opened at $11.46, compared with a consensus analyst target of $11.11 and an overall “Reduce” rating. Institutional investors collectively own 92.35% of the stock.

Hsbc Holdings PLC bought 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 disclosure with the Securities & Exchange Commission. The institutional investor bought 449,234 shares of the real estate investment trust's stock, valued at approximately $5,308,000. Hsbc Holdings PLC owned about 0.29% of RLJ Lodging Trust as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RLJ. EverSource Wealth Advisors LLC lifted its stake in shares of RLJ Lodging Trust by 2,721.1% during the 2nd 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. PNC Financial Services Group Inc. grew its position in RLJ Lodging Trust by 166.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,618 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 2,887 shares during the last quarter. Danske Bank A S bought a new position in RLJ Lodging Trust in the 3rd quarter valued at $50,000. Los Angeles Capital Management LLC purchased a new stake in RLJ Lodging Trust in the fourth quarter worth $51,000. Finally, Focus Partners Wealth bought a new stake in shares of RLJ Lodging Trust during the third quarter worth $73,000. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

RLJ Lodging Trust Stock Performance

Shares of RLJ Lodging Trust stock opened at $11.46 on Friday. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 1.50. The stock's fifty day moving average price is $11.66 and its 200-day moving average price is $9.69. The firm has a market cap of $1.75 billion, a P/E ratio of 7.90 and a beta of 1.09. RLJ Lodging Trust has a 12 month low of $6.54 and a 12 month high of $12.89.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its quarterly earnings data 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. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The company had revenue of $382.99 million during the quarter, compared to analyst estimates of $370.49 million. During the same period in the prior year, the firm earned $0.48 earnings per share. The firm's revenue for the quarter 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. On average, equities research analysts expect that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 5.2%.

Analyst Ratings Changes

A number of analysts have recently issued reports on RLJ shares. Wall Street Zen raised shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 7th. LADENBURG THALM/SH SH raised their price target on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Barclays lifted their price objective on shares of RLJ Lodging Trust from $9.50 to $11.00 and gave the company an "underweight" rating in a report on Thursday. Wells Fargo & Company boosted their price objective on shares of RLJ Lodging Trust from $9.00 to $11.00 and gave the company an "underweight" rating in a research report on Thursday, July 23rd. Finally, UBS Group set a $13.00 target price on shares of RLJ Lodging Trust in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $11.11.

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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