SVC - RLJ Lodging Chatham Apple Hospitality top lodging picks at Oppenheimer

Oppenheimer analyst Taylor Batory starts coverage of the lodging REIT sector with a bullish outlook on the back of strong leisure travel and a corporate-led recovery in urban market RevPAR (revenue per available room). In addition, low supply and average daily rate growth, along with operational improvements, should boost margins, Batory said in a note to clients. The analyst's top picks are RLJ Lodging Trust (NYSE:RLJ), Chatham Lodging Trust (CLDT), and Apple Hospitality REIT (APLE), all rated Outperform. RLJ stock is rising 1.4% in Friday afternoon trading, CLDT is up 2.1%, and APLE +1.3%. Others winning an Outperform rating are Braemar Hotels & Resorts (BHR), Hersha Hospitality Trust (HT), Lindblad Expeditions Holdings (LIND), and Playa Hotels and Resorts (PLYA). Starting out with a Perform rating are: Ashford Hospitality Trust (AHT), Service Properties Trust (SVC), and Xenia Hotels & Resorts (XHR). Taking a longer-term perspective, see how the stocks of RLJ, CLDT, APLE, BHR, and

For further details see:

RLJ Lodging, Chatham, Apple Hospitality top lodging picks at Oppenheimer