RLJ Lodging Trust price target lowered to $11 from $12 at Oppenheimer

Oppenheimer analyst Tyler Batory lowered the firm’s price target on RLJ Lodging Trust (RLJ) to $11 from $12 and keeps an Outperform rating on the shares. The firm is adjusting estimates on RLJ to reflect Q1 earnings reported earlier this week and updated guidance. Oppenheimer thinks RLJ is well positioned given its urban exposure and recent hotel conversions. These factors drove strong results in Q1 and could contribute to relative outperformance in 2025. RLJ also has substantial financial flexibility, a positive in the current volatile macro backdrop, adds the firm.