Hotel REIT RLJ is seeing its stock climb. The company offers an attractive dividend yield but changes in consumer spending pose a risk.
The Income Investor
This Hotel REIT Is Hot As Big Sporting Events Draw Masses
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With the NBA and NHL playoffs recently wrapping up, hotels across major U.S. cities are getting an additional boost as the FIFA World Cup soccer tournament takes center stage. One of the biggest beneficiaries has been RLJ Lodging Trust (RLJ), a hotel REIT focused on premium urban properties. RLJ shares have climbed roughly 50% this year, and the company's dividend…
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