RLJ Lodging Trust $RLJ Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its holdings in RLJ Lodging Trust by 11.7% in the first quarter, now owning approximately $8.74 million worth of shares.
• The company reported $0.48 EPS for the last quarter, exceeding analysts' expectations of $0.46, but showed a 1.7% revenue decline year-over-year.
• RLJ Lodging Trust announced a quarterly dividend of $0.15, with a high annualized yield of 7.8%, although its dividend payout ratio stands at 285.71%.

Invesco Ltd. lowered its position in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 11.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,108,007 shares of the real estate investment trust's stock after selling 146,232 shares during the quarter. Invesco Ltd. owned about 0.73% of RLJ Lodging Trust worth $8,742,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RLJ. Envestnet Asset Management Inc. raised its holdings in RLJ Lodging Trust by 277.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 123,307 shares of the real estate investment trust's stock valued at $1,259,000 after buying an additional 90,640 shares during the period. Barclays PLC increased its stake in RLJ Lodging Trust by 22.3% during the fourth quarter. Barclays PLC now owns 332,437 shares of the real estate investment trust's stock worth $3,394,000 after purchasing an additional 60,688 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in RLJ Lodging Trust by 7.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 200,385 shares of the real estate investment trust's stock worth $2,043,000 after purchasing an additional 13,976 shares during the period. Dimensional Fund Advisors LP increased its stake in RLJ Lodging Trust by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,201,819 shares of the real estate investment trust's stock worth $22,481,000 after purchasing an additional 52,945 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in RLJ Lodging Trust by 10.7% during the 4th quarter. MetLife Investment Management LLC now owns 96,100 shares of the real estate investment trust's stock worth $981,000 after purchasing an additional 9,251 shares during the period. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

RLJ Lodging Trust Stock Performance

Shares of NYSE:RLJ traded down $0.09 on Thursday, reaching $7.73. The company's stock had a trading volume of 2,461,892 shares, compared to its average volume of 2,143,128. The stock's 50-day moving average is $7.48 and its two-hundred day moving average is $7.75. RLJ Lodging Trust has a 52-week low of $6.16 and a 52-week 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 stock has a market capitalization of $1.17 billion, a P/E ratio of 36.79 and a beta of 1.54.

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

RLJ Lodging Trust Dividend Announcement

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

Analyst Ratings Changes

RLJ has been the topic of several recent research reports. Oppenheimer cut their price target on RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Truist Financial cut their price target on RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating on the stock in a report on Monday, June 9th. Wall Street Zen downgraded RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Wells Fargo & Company lifted their price target on RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. 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 stock. According to MarketBeat.com, the company presently 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.