RLJ Lodging Trust $RLJ Stock Holdings Increased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its RLJ Lodging Trust stake by 40.4% in the second quarter, purchasing 129,308 additional shares and bringing its holdings to 449,234 shares valued at approximately $5.3 million. Institutional investors and hedge funds own 92.35% of RLJ.
• RLJ reported quarterly EPS of $0.52, beating the $0.15 consensus estimate, while revenue reached $382.99 million, up 5.5% year over year and above expectations.
• The company pays a quarterly dividend of $0.15, or $0.60 annually, representing a 5.5% yield. Despite analyst price targets near $11.11, the consensus rating is “Reduce,” with two Buy, five Hold, and three Sell ratings.

Hsbc Holdings PLC lifted its holdings in RLJ Lodging Trust (NYSE:RLJ - Free Report) by 40.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 449,234 shares of the real estate investment trust's stock after purchasing an additional 129,308 shares during the quarter. Hsbc Holdings PLC owned 0.29% of RLJ Lodging Trust worth $5,308,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of RLJ. Amundi raised its stake in shares of RLJ Lodging Trust by 12.3% during the first quarter. Amundi now owns 90,874 shares of the real estate investment trust's stock valued at $717,000 after purchasing an additional 9,983 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in RLJ Lodging Trust by 11.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 993,552 shares of the real estate investment trust's stock valued at $7,839,000 after buying an additional 103,065 shares in the last quarter. Norges Bank acquired a new position in RLJ Lodging Trust during the 2nd quarter valued at about $1,248,000. Invesco Ltd. increased its stake in RLJ Lodging Trust by 47.5% during the 2nd quarter. Invesco Ltd. now owns 1,634,179 shares of the real estate investment trust's stock valued at $11,897,000 after buying an additional 526,172 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position 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 buying an additional 3,347 shares in the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Stock Up 1.6%

RLJ stock opened at $10.86 on Thursday. RLJ Lodging Trust has a 12 month low of $6.54 and a 12 month high of $12.89. The firm has a market cap of $1.65 billion, a PE ratio of 7.42 and a beta of 1.08. The firm has a 50 day simple moving average of $11.56 and a 200 day simple moving average of $9.85. The company has a debt-to-equity ratio of 1.50, a current ratio of 5.71 and a quick ratio of 5.71.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.37. The firm had revenue of $382.99 million for the quarter, compared to analyst estimates of $370.49 million. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Equities research analysts forecast that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Tuesday, June 30th.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays increased 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, August 27th. Zacks Research downgraded RLJ Lodging Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Weiss Ratings lowered RLJ Lodging Trust from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. UBS Group set a $13.00 price target on RLJ Lodging Trust in a research report on Thursday, June 18th. Finally, Truist Financial upped their price objective on RLJ Lodging Trust from $7.00 to $10.00 and gave the company a "hold" rating in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, RLJ Lodging Trust currently has an average rating of "Reduce" and an average price target 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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