Jump Financial LLC Purchases Shares of 123,114 RLJ Lodging Trust $RLJ

Key Points

• Jump Financial LLC has made a new investment of approximately $971,000 in RLJ Lodging Trust, purchasing 123,114 shares of the real estate investment trust during the first quarter.
• Analysts have recently adjusted their price targets for RLJ Lodging Trust, with Oppenheimer reducing theirs from $12.00 to $11.00 while Truist Financial dropped their target from $10.00 to $7.00.
• RLJ Lodging Trust announced a quarterly dividend of $0.15 per share, translating to an annualized yield of 7.8%, despite a payout ratio of 285.71%.

Jump Financial LLC acquired a new stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 123,114 shares of the real estate investment trust's stock, valued at approximately $971,000. Jump Financial LLC owned approximately 0.08% of RLJ Lodging Trust at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RLJ. Aberdeen Group plc raised its holdings in shares of RLJ Lodging Trust by 3.6% in the first quarter. Aberdeen Group plc now owns 41,869 shares of the real estate investment trust's stock valued at $330,000 after buying an additional 1,452 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of RLJ Lodging Trust by 0.8% in the first quarter. Asset Management One Co. Ltd. now owns 222,411 shares of the real estate investment trust's stock valued at $1,755,000 after buying an additional 1,762 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at about $29,000. Versant Capital Management Inc raised its holdings in shares of RLJ Lodging Trust by 402.7% in the first quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 2,944 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of RLJ Lodging Trust in the first quarter valued at about $27,000. Institutional investors and hedge funds own 92.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RLJ shares. Wells Fargo & Company upped their target price on shares of RLJ Lodging Trust from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Tuesday, July 1st. Oppenheimer cut their price target on shares of RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Wall Street Zen cut shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Truist Financial lowered their target price on shares of 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 equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $9.25.

RLJ Lodging Trust Price Performance

Shares of RLJ traded up $0.08 during mid-day trading on Wednesday, reaching $7.67. 973,707 shares of the company's stock were exchanged, compared to its average volume of 2,134,646. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.19. The company has a 50-day simple moving average of $7.51 and a two-hundred day simple moving average of $7.69. RLJ Lodging Trust has a 52-week low of $6.16 and a 52-week high of $10.84. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 36.50 and a beta of 1.50.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $363.10 million during the quarter, compared to analysts' expectations of $365.30 million. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. RLJ Lodging Trust's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. On average, sell-side analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Monday, June 30th. RLJ Lodging Trust's payout ratio is presently 285.71%.

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.