M&T Bank Corp Makes New $460,000 Investment in RLJ Lodging Trust $RLJ

M&T Bank Corp bought a new position in shares of RLJ Lodging Trust (NYSE:RLJ) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 61,740 shares of the real estate investment trust’s stock, valued at approximately $460,000.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in RLJ Lodging Trust by 2,721.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 3,347 shares during the period. Daytona Street Capital LLC acquired a new position in shares of RLJ Lodging Trust during the fourth quarter worth approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of RLJ Lodging Trust during the third quarter worth approximately $36,000. Danske Bank A S acquired a new position in shares of RLJ Lodging Trust in the third quarter valued at $50,000. Finally, State of Wyoming raised its stake in shares of RLJ Lodging Trust by 23.6% in the third quarter. State of Wyoming now owns 9,120 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,741 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Trading Up 0.9%

NYSE RLJ opened at $8.31 on Friday. The firm has a market cap of $1.26 billion, a P/E ratio of 415.55 and a beta of 1.09. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock’s 50-day moving average is $7.82 and its 200-day moving average is $7.62. RLJ Lodging Trust has a one year low of $6.54 and a one year high of $8.63.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $328.59 million for the quarter, compared to analyst estimates of $317.95 million. RLJ Lodging Trust had a return on equity of 1.54% and a net margin of 2.11%.RLJ Lodging Trust’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.210-1.410 EPS. Sell-side analysts anticipate that RLJ Lodging Trust will post 1.22 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Tuesday, March 31st. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 3,000.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays assumed coverage on RLJ Lodging Trust in a research note on Tuesday, January 6th. They issued an “underweight” rating and a $6.00 target price for the company. Truist Financial dropped their price objective on RLJ Lodging Trust from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Monday, April 6th. LADENBURG THALM/SH SH initiated coverage on RLJ Lodging Trust in a report on Thursday, March 26th. They set a “neutral” rating and a $8.50 target price on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of RLJ Lodging Trust in a report on Monday, April 20th. Finally, Zacks Research upgraded RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.00.

About RLJ Lodging Trust

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.