Mitsubishi UFJ Asset Management Co. Ltd. Takes $1.54 Million Position in RLJ Lodging Trust $RLJ

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of RLJ Lodging Trust (NYSE:RLJ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 130,308 shares of the real estate investment trust’s stock, valued at approximately $1,544,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RLJ. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 3,347 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of RLJ Lodging Trust by 166.8% in the fourth 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 position in shares of RLJ Lodging Trust in the third quarter worth $50,000. Los Angeles Capital Management LLC acquired a new position in shares of RLJ Lodging Trust during the fourth quarter valued at $51,000. Finally, Focus Partners Wealth acquired a new position in shares of RLJ Lodging Trust during the third quarter valued at $73,000. 92.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on RLJ. Barclays lifted their price objective on shares of RLJ Lodging Trust from $9.00 to $9.50 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Zacks Research cut shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Wells Fargo & Company boosted their price target on shares of RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. UBS Group set a $13.00 price target on shares of RLJ Lodging Trust in a research note on Thursday, June 18th. Finally, LADENBURG THALM/SH SH upped their price target on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $10.94.

RLJ Lodging Trust Stock Up 0.1%

Shares of RLJ stock opened at $11.49 on Friday. RLJ Lodging Trust has a 1 year low of $6.54 and a 1 year high of $12.89. The stock has a market cap of $1.75 billion, a PE ratio of 7.88 and a beta of 1.09. The business’s fifty day moving average is $11.64 and its 200-day moving average is $9.56. The company has a debt-to-equity ratio of 1.50, a quick ratio of 5.71 and a current ratio of 5.71.

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 for the quarter, beating the consensus estimate of $0.15 by $0.37. The business had revenue of $382.99 million during the quarter, compared to analyst estimates of $370.49 million. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%.The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Equities analysts expect that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

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

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.