VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Position in RLJ Lodging Trust $RLJ

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of RLJ Lodging Trust (NYSE:RLJ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 138,400 shares of the real estate investment trust’s stock, valued at approximately $1,640,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings 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. PNC Financial Services Group Inc. grew its position in shares of RLJ Lodging Trust by 166.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,618 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,887 shares during the period. Danske Bank A S bought a new stake in shares of RLJ Lodging Trust in the 3rd quarter valued at $50,000. Los Angeles Capital Management LLC bought a new stake in shares of RLJ Lodging Trust in the 4th quarter valued at $51,000. Finally, Focus Partners Wealth bought a new stake in shares of RLJ Lodging Trust in the 3rd quarter valued at $73,000. 92.35% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Price Performance

Shares of NYSE:RLJ opened at $10.86 on Friday. 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 stock’s 50 day moving average is $11.52 and its 200-day moving average is $9.88. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 7.60 and a beta of 1.08.

RLJ Lodging Trust (NYSE:RLJ) 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, beating the consensus estimate of $0.15 by $0.37. The business 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%. RLJ Lodging Trust’s revenue was up 5.5% compared to the same quarter last year. 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. Sell-side analysts forecast that RLJ Lodging Trust will post 1.33 EPS 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Tuesday, June 30th.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of RLJ Lodging Trust from $7.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, June 12th. Bank of America lifted their price target on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the company an “underperform” rating in a research note on Monday, July 20th. LADENBURG THALM/SH SH upped their price objective on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Zacks Research cut shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company raised their target price on RLJ Lodging Trust from $9.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Two equities 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. Based on data from MarketBeat, the stock currently has an average 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.