Ieq Capital LLC Takes $1.04 Million Position in RLJ Lodging Trust $RLJ

Ieq Capital LLC purchased a new stake in RLJ Lodging Trust (NYSE:RLJ) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 87,409 shares of the real estate investment trust’s stock, valued at approximately $1,036,000. Ieq Capital LLC owned approximately 0.06% of RLJ Lodging Trust as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RLJ. PNC Financial Services Group Inc. boosted its position in RLJ Lodging Trust by 29.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,992 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,374 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its position in shares of RLJ Lodging Trust by 17.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 10,972 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 1,661 shares in the last quarter. State of Wyoming raised its stake in shares of RLJ Lodging Trust by 12.3% during the 1st quarter. State of Wyoming now owns 17,904 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,963 shares during the period. Deutsche Bank AG lifted its position in shares of RLJ Lodging Trust by 1.4% during the 4th quarter. Deutsche Bank AG now owns 181,568 shares of the real estate investment trust’s stock valued at $1,353,000 after buying an additional 2,453 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position 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 valued at $25,000 after buying an additional 3,347 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on RLJ shares. LADENBURG THALM/SH SH boosted their price target on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Raymond James Financial lowered shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $9.00 to $11.00 in a research report on Thursday, May 28th. Bank of America boosted their target price on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Oppenheimer restated an “outperform” rating and set a $13.00 price target (up from $10.00) on shares of RLJ Lodging Trust in a research report on Thursday, June 18th. Finally, UBS Group set a $13.00 price objective on RLJ Lodging Trust in a report on Thursday, June 18th. 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, the stock currently has an average rating of “Reduce” and a consensus price target of $10.94.

RLJ Lodging Trust Stock Performance

NYSE:RLJ opened at $11.45 on Thursday. The company has a market cap of $1.74 billion, a P/E ratio of 8.03 and a beta of 1.09. RLJ Lodging Trust has a twelve month low of $6.54 and a twelve month high of $12.89. The company’s 50-day moving average price is $11.66 and its 200-day moving average price is $9.66. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 1.50.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data 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 company had revenue of $382.99 million during the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $0.48 EPS. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. On average, sell-side analysts forecast that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%.

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.