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

Public Employees Retirement System of Ohio bought a new stake in RLJ Lodging Trust (NYSE:RLJ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 145,779 shares of the real estate investment trust’s stock, valued at approximately $1,727,000.

Other hedge funds have also bought and sold shares of the company. Jupiter Topco LLC bought a new stake in shares of RLJ Lodging Trust in the 2nd quarter worth approximately $472,000. Hsbc Holdings PLC bought a new stake in RLJ Lodging Trust in the 2nd quarter worth about $5,308,000. Palisade Capital Management LP bought a new stake in shares of RLJ Lodging Trust in the second quarter worth approximately $13,440,000. Legal & General Group Plc bought a new stake in RLJ Lodging Trust in the 2nd quarter worth approximately $6,490,000. Finally, Algert Global LLC bought a new stake in shares of RLJ Lodging Trust in the second quarter worth $7,282,000. Institutional investors own 92.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RLJ. Bank of America upped their target price on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the company an “underperform” rating in a report on Monday, July 20th. Zacks Research downgraded RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. LADENBURG THALM/SH SH lifted their price target on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Truist Financial upped their price objective on RLJ Lodging Trust from $7.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Finally, Barclays upped their target price on shares of RLJ Lodging Trust from $9.50 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, August 27th. Two equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $11.11.

RLJ Lodging Trust Price Performance

NYSE:RLJ opened at $10.93 on Monday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 7.59 and a beta of 1.08. 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 has a twelve month low of $6.54 and a twelve month high of $12.89. The stock has a fifty day simple moving average of $11.62 and a 200-day simple moving average of $9.80.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.37. The business had revenue of $382.99 million for the quarter, compared to the consensus estimate of $370.49 million. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Analysts anticipate that RLJ Lodging Trust will post 1.33 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

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

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.