RLJ Lodging Trust

RLJ · NYSE

$12.17+$0.45 (+3.84%)TodayMarket closed · Oct 20, 6:30 PM ET

Prev close $11.72

RLJ analyst rating

HoldConsensus of 7 analysts over the last 12 months. 14% rate it a buy.

Strong buy0
Buy1
Hold3
Underperform3
Sell0

12-month price target · 12 analysts

Average $11.92 (−2.1% downside)

Low: $10.60
Now: $12.17
High: $13.65

Upgrades and downgrades

The latest rating actions, newest first

RLJ analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 13, 2026	Maintains	Underweight	$11.00 → $12.00	38%
Raymond James	Sep 28, 2026	Downgrade	Outperform → Market Perform	—	39%
Truist Securities	Sep 21, 2026	Maintains	Hold	$10.00 → $11.00	56%
Barclays	Aug 27, 2026	Maintains	Underweight	$9.50 → $11.00	38%
Ladenburg Thalmann	Aug 10, 2026	Maintains	Neutral	$12.00 → $13.00	52%
Wells Fargo	Jul 23, 2026	Maintains	Underweight	$9.00 → $11.00	47%
Barclays	Jul 21, 2026	Maintains	Underweight	$9.00 → $9.50	38%
B of A Securities	Jul 20, 2026	Maintains	Underperform	$9.25 → $10.50	52%
Ladenburg Thalmann	Jun 18, 2026	Maintains	Neutral	$9.00 → $12.00	52%
Oppenheimer	Jun 18, 2026	Maintains	Outperform	$10.00 → $13.00	34%

The case for and against

Updated Oct 17, 2026

Bull case

RLJ Lodging Trust is positioned to benefit from improving urban lodging fundamentals, with business transient revenue up about 9% in 1Q26 and favorable demand drivers such as conventions, corporate travel, and special events supporting occupancy and ADR. Its portfolio mix of premium-branded, rooms-oriented, high-margin hotels in urban markets, along with limited future supply in key submarkets and completed conversions that lifted EBITDA 16% year over year in 1Q, underpins confidence in continued operating upside. The company’s financial flexibility, balance sheet optionality, and leverage to a sustained recovery in transient demand create room for beat-and-raise execution and long-term incremental EBITDA growth.

Bear case

RLJ Lodging Trust is viewed cautiously because its recent gains have been driven more by event-related optimism and improving lodging sentiment than by durable fundamentals, leaving the stock vulnerable once investors begin focusing on tougher 2027 comps and a short booking window that limits visibility. Although urban exposure, World Cup demand, and roughly 5x net leverage as of FY27 provide some near-term support, those positives are offset by heightened sensitivity to transient corporate demand, elevated operating costs in markets like NYC and L.A., and execution risk on conversions and guidance. The company’s hybrid select- and full-service portfolio, concentration in urban markets, and exposure to macro shocks such as recession, conflict, or weaker travel trends further constrain valuation and make trading multiples susceptible to deterioration.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.