Analysts Trim U.S. Hotel Forecasts and Ratings
Skift Take
Hotel stocks face pressure amid analyst downgrades, mixed industry performance data, and various property transactions. Companies like Hyatt, Gencom, and Ashford Trust announced changes.
The DJIA rose 32 points on Friday while Nasdaq was up 92, the S&P 500 was up 5 points, and the 10-year treasury yield was up .02 to 4.25%. The hotel stocks are under pressure from concerns over the economy and the impact of tariffs and interest rates. Analysts chiming in with negative commentary is adding to that pressure. The list of new lows on Friday included RLJ, CLDT, INN, XHR, HST, RHP, PEB, APLE, H and VAC. We have a feeling that until 1Q25 results are announced and the companies either confirm or deny the fears that are pummeling the stocks, it will be an uphill battle for lodging investors. Once the news is confirmed, we may get a relief rally, but it could be a very long month before earnings season begins.
Morgan Stanley upgraded Host Hotels from Underweight to Equal Weight.
Truist Securities downgraded their rating on RLJ Hotel Trust to Hold from Buy, warning of heightened risks in DC. As part of their regular study of forward-
