RLJ Lodging Trust (NYSE:RLJ) to Issue $0.15 Quarterly Dividend

RLJ Lodging Trust (NYSE:RLJ) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.15 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, September 30th.

RLJ Lodging Trust has increased its dividend by an average of 0.7%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. RLJ Lodging Trust has a payout ratio of 600.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect RLJ Lodging Trust to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 45.1%.

RLJ Lodging Trust Stock Up 0.3%

RLJ Lodging Trust stock traded up $0.04 during mid-day trading on Tuesday, reaching $10.96. 1,562,892 shares of the company’s stock were exchanged, compared to its average volume of 2,034,202. The company has a quick ratio of 5.71, a current 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 company has a market cap of $1.67 billion, a P/E ratio of 7.56 and a beta of 1.08. The company has a fifty day moving average of $11.51 and a 200-day moving average of $9.91.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.15 by $0.37. The business had revenue of $382.99 million during 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Sell-side analysts expect that RLJ Lodging Trust will post 1.33 EPS for the current year.

Institutional Investors Weigh In On RLJ Lodging Trust

Several institutional investors have recently modified their holdings of RLJ. Engineers Gate Manager LP grew its stake in shares of RLJ Lodging Trust by 98.0% during the second quarter. Engineers Gate Manager LP now owns 80,577 shares of the real estate investment trust’s stock worth $955,000 after purchasing an additional 39,877 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in RLJ Lodging Trust in the second quarter valued at $1,640,000. Readystate Asset Management LP purchased a new stake in RLJ Lodging Trust during the 2nd quarter worth about $1,377,000. Aegis Financial Corp lifted its holdings in RLJ Lodging Trust by 2.5% during the 2nd quarter. Aegis Financial Corp now owns 2,049,425 shares of the real estate investment trust’s stock worth $24,286,000 after buying an additional 50,000 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of RLJ Lodging Trust by 40.4% during the 2nd quarter. Hsbc Holdings PLC now owns 449,234 shares of the real estate investment trust’s stock worth $5,308,000 after acquiring an additional 129,308 shares in the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed real estate investment trust that owns and operates a portfolio of premium-branded, focused-service and compact full-service hotels in the United States. Its properties are generally located in urban and high-barrier-to-entry suburban markets, with an emphasis on business, leisure and other demand-generating locations.

The company’s hotels operate under well-known brands, including offerings affiliated with Marriott International, Hilton Worldwide, Hyatt Hotels and InterContinental Hotels Group.