Public Employees Retirement System of Ohio Makes New $1.73 Million Investment in RLJ Lodging Trust $RLJ

Public Employees Retirement System of Ohio acquired a new stake in RLJ Lodging Trust (NYSE:RLJ) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 145,779 shares of the real estate investment trust’s stock, valued at approximately $1,727,000. Public Employees Retirement System of Ohio owned approximately 0.10% of RLJ Lodging Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in 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 valued at $25,000 after purchasing an additional 3,347 shares during the period. PNC Financial Services Group Inc. boosted 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 purchasing an additional 2,887 shares in the last quarter. Danske Bank A S bought a new stake in shares of RLJ Lodging Trust during the third quarter valued at approximately $50,000. Los Angeles Capital Management LLC bought a new stake in RLJ Lodging Trust during the 4th quarter valued at $51,000. Finally, Focus Partners Wealth acquired a new stake in shares of RLJ Lodging Trust in the 3rd quarter worth about $73,000. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Price Performance

Shares of NYSE:RLJ opened at $10.93 on Monday. RLJ Lodging Trust has a 52 week low of $6.54 and a 52 week high of $12.89. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 1.50. The company’s fifty day moving average is $11.62 and its 200 day moving average is $9.80. The stock has a market cap of $1.67 billion, a PE ratio of 7.59 and a beta of 1.08.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.37. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%.The company had revenue of $382.99 million during the quarter, compared to analysts’ expectations of $370.49 million. During the same period in the prior year, the business posted $0.48 EPS. RLJ Lodging Trust’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. Research analysts anticipate that RLJ Lodging Trust will post 1.33 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research downgraded shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Wells Fargo & Company lifted their price objective on RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Oppenheimer reiterated an “outperform” rating and issued a $13.00 price objective (up from $10.00) on shares of RLJ Lodging Trust in a research note on Thursday, June 18th. UBS Group set a $13.00 price target on RLJ Lodging Trust in a research report on Thursday, June 18th. Finally, Barclays increased their price objective on RLJ Lodging Trust from $9.50 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, August 27th. Two 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’s stock. According to MarketBeat, RLJ Lodging Trust has an average rating of “Reduce” and a consensus price target of $11.11.

RLJ Lodging Trust Company 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.