Barclays Maintains an 'Overweight' on RLJ Lodging Trust (RLJ); Cautious Optimism for 2012

Barclays maintains an 'Overweight' on RLJ Lodging Trust (NYSE: RLJ) price target of $20.00.

Barclays analyst says, "RLJ remains one of the most attractive lodging stocks in our universe particularly given its limited service niche, diverse portfolio and favorable valuation. The shares are currently trading at 9.2x our 2013E EBITDA and represent 32% upside to our price target. Like the majority of their lodging peers, management noted that despite the current macro uncertainty, they are cautiously optimistic regarding 2012. Our updated estimates reflect this view."

Barclays lowers FY11 EPS estimate from $1.43 to $1.29 and FY12 from $1.82 to $1.57.

For an analyst ratings summary and ratings history on RLJ Lodging Trust click here. For more ratings news on RLJ Lodging Trust click here.

Shares of RLJ Lodging Trust closed at $15.18 yesterday.

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