Aberdeen Group plc Has $333,000 Stock Position in RLJ Lodging Trust $RLJ

Aberdeen Group plc raised its position in RLJ Lodging Trust (NYSE:RLJ) by 9.4% in the second quarter, HoldingsChannel reports. The fund owned 45,799 shares of the real estate investment trust’s stock after purchasing an additional 3,930 shares during the quarter. Aberdeen Group plc’s holdings in RLJ Lodging Trust were worth $333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Donald Smith & CO. Inc. raised its position in shares of RLJ Lodging Trust by 0.5% during the first quarter. Donald Smith & CO. Inc. now owns 5,785,113 shares of the real estate investment trust’s stock worth $45,645,000 after purchasing an additional 28,880 shares during the period. Palisade Capital Management LP increased its stake in RLJ Lodging Trust by 0.4% during the 1st quarter. Palisade Capital Management LP now owns 3,071,508 shares of the real estate investment trust’s stock valued at $24,234,000 after purchasing an additional 11,235 shares in the last quarter. Woodline Partners LP raised its holdings in RLJ Lodging Trust by 192.4% during the first quarter. Woodline Partners LP now owns 2,782,181 shares of the real estate investment trust’s stock worth $21,951,000 after buying an additional 1,830,803 shares during the last quarter. LSV Asset Management lifted its stake in shares of RLJ Lodging Trust by 23.8% in the first quarter. LSV Asset Management now owns 1,662,214 shares of the real estate investment trust’s stock valued at $13,115,000 after buying an additional 319,319 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of RLJ Lodging Trust by 11.6% in the first 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. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Performance

Shares of RLJ Lodging Trust stock opened at $6.92 on Friday. The business’s fifty day simple moving average is $7.38 and its 200 day simple moving average is $7.32. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.19. RLJ Lodging Trust has a 12 month low of $6.16 and a 12 month high of $10.84. The firm has a market capitalization of $1.05 billion, a P/E ratio of 32.93 and a beta of 1.49.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share (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 firm had revenue of $363.10 million during the quarter, compared to the consensus estimate of $365.30 million. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. As a group, analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Tuesday, September 30th. RLJ Lodging Trust’s dividend payout ratio (DPR) is 285.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RLJ shares. Robert W. Baird restated a “neutral” rating and issued a $7.50 target price (down previously from $9.00) on shares of RLJ Lodging Trust in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of RLJ Lodging Trust in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded RLJ Lodging Trust to a “strong sell” rating in a report on Friday, October 3rd. Baird R W downgraded RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Zacks Research raised RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.10.

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.