10,451 Shares in RLJ Lodging Trust $RLJ Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC purchased a new position in shares of RLJ Lodging Trust (NYSE:RLJ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,451 shares of the real estate investment trust’s stock, valued at approximately $76,000.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV acquired a new stake in RLJ Lodging Trust during the 1st quarter valued at $27,000. Blueshift Asset Management LLC purchased a new position in RLJ Lodging Trust in the 1st quarter valued at about $82,000. AlphaQuest LLC boosted its position in RLJ Lodging Trust by 1,138.4% in the 1st quarter. AlphaQuest LLC now owns 10,576 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 9,722 shares during the last quarter. State of Wyoming purchased a new position in RLJ Lodging Trust in the 1st quarter valued at about $90,000. Finally, Ieq Capital LLC purchased a new position in RLJ Lodging Trust in the 1st quarter valued at about $99,000. Hedge funds and other institutional investors own 92.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RLJ. Truist Financial boosted their price target on RLJ Lodging Trust from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Zacks Research upgraded RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 9th. Wells Fargo & Company raised shares of RLJ Lodging Trust to a “strong sell” rating in a research report on Friday, October 3rd. Baird R W downgraded shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of RLJ Lodging Trust in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.10.

RLJ Lodging Trust Price Performance

Shares of NYSE:RLJ opened at $6.63 on Friday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.19. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $10.84. The firm has a 50-day simple moving average of $7.42 and a 200 day simple moving average of $7.37. The company has a market cap of $1.00 billion, a PE ratio of 31.57 and a beta of 1.49.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. RLJ Lodging Trust had a return on equity of 3.03% and a net margin of 4.23%.The company had revenue of $363.10 million during the quarter, compared to the consensus estimate of $365.30 million. During the same period in the previous year, the firm posted $0.51 earnings per share. RLJ Lodging Trust’s quarterly revenue was down 1.7% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. On average, sell-side analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.60 annualized dividend and a yield of 9.0%. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 285.71%.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.