Deutsche Bank AG Acquires New Holdings in RLJ Lodging Trust $RLJ

Deutsche Bank AG bought a new position in shares of RLJ Lodging Trust (NYSE:RLJ) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 166,107 shares of the real estate investment trust’s stock, valued at approximately $1,968,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. increased its position in RLJ Lodging Trust by 23.1% in the 4th 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 period. Centersquare Investment Management LLC acquired a new position in shares of RLJ Lodging Trust during the fourth quarter worth $13,254,000. Aegis Financial Corp bought a new stake in shares of RLJ Lodging Trust in the fourth quarter worth $9,475,000. Ameriprise Financial Inc. increased its holdings in RLJ Lodging Trust by 286.2% in the second quarter. Ameriprise Financial Inc. now owns 1,618,413 shares of the real estate investment trust’s stock valued at $11,783,000 after purchasing an additional 1,199,318 shares during the period. Finally, AQR Capital Management LLC increased its holdings in RLJ Lodging Trust by 179.5% in the second quarter. AQR Capital Management LLC now owns 1,434,974 shares of the real estate investment trust’s stock valued at $10,447,000 after purchasing an additional 921,548 shares during the period. 92.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. LADENBURG THALM/SH SH raised their target price on RLJ Lodging Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Bank of America increased their price target on RLJ Lodging Trust from $9.25 to $10.50 and gave the company an “underperform” rating in a research note on Monday, July 20th. UBS Group set a $13.00 price objective on RLJ Lodging Trust in a research report on Thursday, June 18th. Wall Street Zen raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Raymond James Financial cut RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from $9.00 to $11.00 in a report on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $11.11.

RLJ Lodging Trust Price Performance

Shares of NYSE RLJ opened at $11.46 on Friday. RLJ Lodging Trust has a twelve month low of $6.54 and a twelve month high of $12.89. The firm has a fifty day simple moving average of $11.66 and a 200 day simple moving average of $9.69. The company has a market capitalization of $1.75 billion, a PE ratio of 7.90 and a beta of 1.09. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 1.50.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results 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 business had revenue of $382.99 million for the quarter, compared to analysts’ expectations of $370.49 million. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. On average, sell-side analysts forecast that RLJ Lodging Trust will post 1.33 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Tuesday, June 30th.

RLJ Lodging Trust 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.