RLJ Lodging Trust's stock is up 58% in a year while most analysts maintain hold ratings and one keeps an "underperform" tag with a price target $1.50 below the current price. The disconnect between market momentum and analyst conviction tells you more about lodging REIT valuation than RLJ itself.
Summit Hotel Properties loses its finance chief while carrying a net loss that doubled year-over-year and a debt-to-equity ratio of 1.69. The CEO stepping in as interim CFO has done the job before, but the question is whether one person can run both sides of a $684M REIT while the capital recycling strategy needs a dedicated finance hand at the wheel.
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