JPMorgan Chase & Co. Purchases 226,335 Shares of RLJ Lodging Trust $RLJ

JPMorgan Chase & Co. raised its position in RLJ Lodging Trust (NYSE:RLJ) by 4.5% during the third quarter, HoldingsChannel.com reports. The firm owned 5,204,026 shares of the real estate investment trust’s stock after purchasing an additional 226,335 shares during the period. JPMorgan Chase & Co.’s holdings in RLJ Lodging Trust were worth $37,469,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. State of Wyoming boosted its position in shares of RLJ Lodging Trust by 23.6% during the third quarter. State of Wyoming now owns 9,120 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 1,741 shares during the period. M&G PLC raised its holdings in shares of RLJ Lodging Trust by 8.2% in the third quarter. M&G PLC now owns 24,355 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 1,845 shares during the period. KBC Group NV lifted its stake in shares of RLJ Lodging Trust by 55.2% during the 2nd quarter. KBC Group NV now owns 5,258 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,870 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of RLJ Lodging Trust by 3.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 56,709 shares of the real estate investment trust’s stock worth $413,000 after acquiring an additional 2,048 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in RLJ Lodging Trust by 2.7% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,434 shares of the real estate investment trust’s stock valued at $795,000 after acquiring an additional 2,863 shares during the period. Institutional investors own 92.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Zacks Research raised RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Barclays initiated coverage on shares of RLJ Lodging Trust in a research note on Tuesday, January 6th. They set an “underweight” rating and a $6.00 target price for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of RLJ Lodging Trust in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, RLJ Lodging Trust presently has an average rating of “Hold” and a consensus price target of $8.64.

RLJ Lodging Trust Price Performance

Shares of RLJ opened at $7.48 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a 50 day moving average price of $7.83 and a 200-day moving average price of $7.54. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $8.70. The stock has a market capitalization of $1.14 billion, a PE ratio of 373.95 and a beta of 1.07.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $317.95 million. RLJ Lodging Trust had a net margin of 2.11% and a return on equity of 1.54%. RLJ Lodging Trust’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.210-1.410 EPS. Equities analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Tuesday, March 31st. RLJ Lodging Trust’s dividend payout ratio is 3,000.00%.

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.