Truist lowered the firm’s price target on RLJ Lodging Trust (RLJ) to $7 from $10 and keeps a Hold rating on the shares. The firm sees the company as relatively challenged within its Lodging REIT coverage given almost no luxury exposure, international inbound demand challenges to gateway markets, and city-specific factors such as Austin and D.C., the analyst tells investors in a research note. Supporting the stock are RLJ’s continued repositioning efforts and recovering business travel to major urban markets, the firm added.
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Read More on RLJ:
- RLJ Lodging Trust price target lowered to $11 from $12 at Oppenheimer
- RLJ Lodging Trust Reports Q1 2025 Financial Results
- RLJ Lodging Trust Balances Growth and Challenges in Earnings Call
- RLJ Lodging Trust reports Q1 AFFO 31c, consensus 30c
- RLJ Lodging Trust cuts FY25 AFFO view to $1.38-$1.58 from $1.46-$1.66
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