RLJ Lodging Trust falls short of earnings estimates, yet its stock rises, earning a "Hold" rating.

RLJ Lodging Trust, a real estate investment trust focused on premium-branded hotels, has announced FY 2024 earnings guidance of $1.45-$1.58 per share, slightly below the $1.51 consensus estimate. The company's stock price increased to $9.72 on Friday, with a market cap of $1.51 billion. Analysts have given mixed opinions, resulting in a "Hold" rating and a target price of $11.71.

November 09, 2024
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