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This purchase signals continued confidence in RLJ Lodging Trust (NYSE:RLJ), a real estate investment trust headquartered in Bethesda, Maryland. The company, with a market capitalization of $1.2 billion, focuses on investing in premium-branded, focused-service, and compact full-service hotels. The REIT offers an attractive 7.62% dividend yield, and analysts see potential upside, with target prices ranging from $9.75 to $12.00. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed research reports covering 1,400+ US stocks, including RLJ.
This purchase signals continued confidence in RLJ Lodging Trust, a real estate investment trust headquartered in Bethesda, Maryland. The company, with a market capitalization of $1.2 billion, focuses on investing in premium-branded, focused-service, and compact full-service hotels. The REIT offers an attractive 7.62% dividend yield, and analysts see potential upside, with target prices ranging from $9.75 to $12.00. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed research reports covering 1,400+ US stocks, including RLJ.
In other recent news, RLJ Lodging Trust reported its fourth-quarter 2024 earnings, exceeding expectations with an earnings per share (EPS) of -$0.01 compared to the forecasted -$0.04. The company also reported revenue of $330 million, surpassing the anticipated $323.92 million. RLJ Lodging Trust’s urban markets showed robust performance, with a 3.7% increase in revenue per available room (RevPAR). The company maintains significant liquidity with over $900 million, positioning it well for future operations. In another development, RLJ Lodging Trust announced the upcoming retirement of its Chief Financial Officer, Sean M. Mahoney, in May 2025. Mahoney played a key role in the company’s transformation and financial strategy over his seven-year tenure. RLJ Lodging Trust is currently in the process of selecting his successor. Additionally, analysts have noted the company’s strong performance, with Baird and Oppenheimer expressing interest in RLJ’s capital allocation and conversion strategies.
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