Palisade Capital Management LP Acquires New Holdings in RLJ Lodging Trust $RLJ

Key Points

• Palisade Capital Management acquired 1.13 million shares of RLJ Lodging Trust worth approximately $13.4 million, representing about 0.74% of the REIT. Institutional investors collectively own 92.35% of the company.
• RLJ reported quarterly earnings of $0.52 per share, exceeding estimates of $0.15, while revenue rose 5.5% year over year to $383 million. The company issued fiscal 2026 EPS guidance of $1.37 to $1.50.
• The stock recently traded at $11.57 and pays a quarterly dividend of $0.15 per share, for an annualized yield of roughly 5.2%. Analysts’ consensus rating is “Reduce,” with an average price target of $10.94.

Palisade Capital Management LP bought a new stake in 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 1,134,188 shares of the real estate investment trust's stock, valued at approximately $13,440,000. Palisade Capital Management LP owned about 0.74% of RLJ Lodging Trust at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RLJ. Donald Smith & CO. Inc. increased its position in shares of RLJ Lodging Trust by 23.1% during the fourth quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust's stock valued at $97,899,000 after acquiring an additional 2,463,189 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of RLJ Lodging Trust by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 3,844,974 shares of the real estate investment trust's stock worth $28,650,000 after purchasing an additional 114,163 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of RLJ Lodging Trust by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,709,660 shares of the real estate investment trust's stock worth $27,637,000 after purchasing an additional 74,252 shares during the period. Fisher Asset Management LLC increased its holdings in RLJ Lodging Trust by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 3,127,412 shares of the real estate investment trust's stock valued at $23,299,000 after purchasing an additional 94,291 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in RLJ Lodging Trust by 33.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,042,014 shares of the real estate investment trust's stock valued at $21,903,000 after purchasing an additional 759,913 shares during the period. Hedge funds and other institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Trading Up 0.4%

NYSE:RLJ opened at $11.57 on Wednesday. RLJ Lodging Trust has a 1 year low of $6.54 and a 1 year high of $12.89. The stock has a market cap of $1.76 billion, a P/E ratio of 8.01 and a beta of 1.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 5.71 and a current ratio of 5.71. The stock has a 50-day simple moving average of $11.66 and a 200-day simple moving average of $9.63.

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 the consensus estimate of $0.15 by $0.37. The firm had revenue of $382.99 million during the quarter, compared to analysts' expectations of $370.49 million. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%.The firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. As a group, analysts anticipate that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Barclays upped their price objective on RLJ Lodging Trust from $9.00 to $9.50 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. Weiss Ratings downgraded RLJ Lodging Trust from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. LADENBURG THALM/SH SH lifted their price objective on RLJ Lodging Trust from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Raymond James Financial downgraded RLJ Lodging Trust from a "strong-buy" rating to an "outperform" rating and boosted their price objective for the stock from $9.00 to $11.00 in a research report on Thursday, May 28th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $13.00 target price (up from $10.00) on shares of RLJ Lodging Trust in a report on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $10.94.

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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