RLJ Lodging Trust Reports First Quarter 2015 Results
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Compass Point Says Buy RLJ Lodging Trust (RLJ) on Pullback
May 7, 2015 12:12 PM EDTCompass Point reiterates their Buy rating on RLJ Lodging Trust (NYSE: RLJ) with a price target set at $38. This follows a very strong 1Q15 report with earnings characterized by a 2 cent headline beat, as well as, 5.3% RevPAR growth. They also reported 6.0% ADR growth, and a dividend boost. They said the pullback and $200M buyback present a compelling buying opportunity.
Compass Point analyst, Wilkes Graham, commented, "With (1) the... More
