RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares (RLJ-P-A)

Palisade Capital Management LP has acquired a new stake in RLJ Lodging Trust (NYSE:RLJ) during the second quarter, purchasing over 1.1 million shares valued at approximately $13.44 million. This acquisition makes Palisade Capital Management LP a significant shareholder, owning about 0.74% of the company. The article also details other institutional investor activity, recent financial performance, dividend announcements, and updated analyst ratings for RLJ Lodging Trust.

RLJ Lodging Trust (FWB:2R6) reported strong earnings and revenue in the last quarter, surpassing analyst estimates. The company achieved 0.14 EUR per share against an estimate of 0.13 EUR, and revenue reached ‪335.35 M‬ EUR, exceeding the ‪324.41 M‬ EUR estimate. Analysts anticipate -0.04 EUR in EPS and ‪290.55 M‬ EUR in revenue for the upcoming quarter.

Donald Smith & CO. Inc. has acquired a new stake of 12,311,807 shares, valued at approximately $145.90 million, in RLJ Lodging Trust, making it their 19th largest position and representing 8.10% of the REIT. Other institutional investors have also adjusted their holdings in RLJ Lodging Trust. The company recently reported strong quarterly earnings, surpassing analyst estimates, and declared a quarterly dividend.

RLJ Lodging Trust (RLJ) is garnering attention following its Q2 earnings report, which showcased increased sales and net income compared to the previous year, alongside an updated positive full-year earnings outlook. Despite a negative five-year return, the stock has experienced significant recent momentum, with a 46.27% year-to-date return. Analysts estimate a fair value of $11.32, suggesting the stock is slightly undervalued, with projected annual revenue growth of 2.1% and improved profit margins.

RLJ Lodging Trust reported strong Q2 results, exceeding expectations with comparable RevPAR increasing 6.8%. The growth was driven by accelerating business travel, higher out-of-room spending, and successful renovations across its urban-focused hotel portfolio. The company raised its full-year 2026 outlook, anticipating continued momentum in business travel and leisure demand.