Readystate Asset Management LP Purchases Shares of 116,221 RLJ Lodging Trust $RLJ

Readystate Asset Management LP acquired a new stake in RLJ Lodging Trust (NYSE:RLJ) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 116,221 shares of the real estate investment trust’s stock, valued at approximately $1,377,000.

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

RLJ Lodging Trust Stock Performance

RLJ opened at $10.93 on Tuesday. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 7.59 and a beta of 1.08. 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 has a twelve month low of $6.54 and a twelve month high of $12.89. The company has a 50-day simple moving average of $11.60 and a 200 day simple moving average of $9.82.

RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, beating 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 business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Analysts predict that RLJ Lodging Trust will post 1.33 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RLJ shares. Barclays upped their target price on RLJ Lodging Trust from $9.50 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, August 27th. 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. Bank of America upped their price objective on RLJ Lodging Trust from $9.25 to $10.50 and gave the company an “underperform” rating in a report on Monday, July 20th. Wall Street Zen upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, Wells Fargo & Company lifted their target price on RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $11.11.

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.