Readystate Asset Management LP Buys New Stake in RLJ Lodging Trust $RLJ

Key Points

• Readystate Asset Management acquired 116,221 shares of RLJ Lodging Trust during the second quarter, worth approximately $1.38 million. Institutional investors and hedge funds collectively own 92.35% of the company.
• RLJ reported quarterly EPS of $0.52, exceeding analysts’ $0.15 consensus, while revenue rose 5.5% year over year to $382.99 million. The company also maintained a $0.60 annualized dividend, representing a 5.5% yield.
• Analyst sentiment remains cautious: RLJ has a consensus “Reduce” rating and an average price target of $11.11, compared with a recent share price of $10.93.

Readystate Asset Management LP acquired a new stake in RLJ Lodging Trust (NYSE:RLJ - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 116,221 shares of the real estate investment trust's stock, valued at approximately $1,377,000. Readystate Asset Management LP owned 0.08% of RLJ Lodging Trust at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. increased its holdings in shares of RLJ Lodging Trust by 122.5% during the first quarter. Sei Investments Co. now owns 251,168 shares of the real estate investment trust's stock worth $1,864,000 after buying an additional 138,259 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of RLJ Lodging Trust during the second quarter worth $1,544,000. Hsbc Holdings PLC raised its holdings in RLJ Lodging Trust by 35.1% during the 1st quarter. Hsbc Holdings PLC now owns 319,926 shares of the real estate investment trust's stock worth $2,375,000 after purchasing an additional 83,086 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of RLJ Lodging Trust during the second quarter worth approximately $2,357,000. Finally, Deutsche Bank AG acquired a new position in shares of RLJ Lodging Trust in the 2nd quarter valued at $1,968,000. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Price Performance

Shares of RLJ opened at $10.93 on Tuesday. 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 company's fifty day simple moving average is $11.60 and its 200 day simple moving average is $9.82. RLJ Lodging Trust has a 1-year low of $6.54 and a 1-year high of $12.89. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 7.59 and a beta of 1.08.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.37. The company had revenue of $382.99 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. On average, research analysts forecast that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 5.5%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target 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. Oppenheimer restated an "outperform" rating and issued a $13.00 price target (up from $10.00) on shares of RLJ Lodging Trust in a report on Thursday, June 18th. Weiss Ratings cut RLJ Lodging Trust from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Truist Financial upped their price target on RLJ Lodging Trust from $7.00 to $10.00 and gave the stock a "hold" rating in a research report on Friday, June 12th. Finally, 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. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $11.11.

About RLJ Lodging Trust

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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