Ryan Meliker

After a 16 percent-decline since the start of 2017, analysts at Canaccord Genuity are now convinced that RLJ Lodging Trust (NYSE: RLJ) is a compelling stock to own. The firm's Ryan Meliker upgrades RLJ Lodging's stock from Hold to Buy with a price target boosted from $21 to $23. RLJ Lodging, a self...

Marriott International Inc (NASDAQ: MAR) reported strong Q4 results and announced its 2017 guidance ahead of expectations. The key takeaways from the print could boost Marriott’s stock “and potentially the group” on February 16, Canaccord Genuity’s Ryan Meliker said in a...

Canaccord Genuity said in a note released Monday that lodging stocks will move higher in 2017 due to improving macroeconomic conditions. The firm sees a 10–15 percent upside to the group in 2017 on top of the nearly 20 percent gain notched up by the companies on the "Trump trade." Economic...

Donald Trump's presidential victory has lowered the risk to contract renewals and the overall private prison REIT business model, Canaccord Genuity’s Ryan Meliker said in a report. He added that the estimates for The GEO Group Inc (NYSE: GEO) and Corecivic Inc (NYSE: CXW) could prove...

Shares of Corecivic Inc (NYSE: CXW) plummeted on news of the intention to renegotiate the South Texas Family Residential Center [STFRC] on August 3. Despite a subsequent upturn, shares are still down 19 percent since the announcement, despite the company losing only 15 percent of annual EBITDA...

“Following Donald Trump's presidential victory, we now see materially less risk to contract renewals and the overall private prison REIT business models,” Cannacord Genuity’s Ryan Meliker said in a report. He added that the current estimates for both The GEO Group Inc (NYSE...

Ryan Meliker of Canaccord Genuity said the headline risk prevails for prison stocks despite The GEO Group Inc (NYSE: GEO) announcing a BOP contract renewal. GEO announced that the BOP had extended its contract for the company-owned D. Ray James Correctional Facility by an additional two years. The...

Canaccord Genuity said headwinds remain for Corrections Corp Of America (NYSE: CXW). CXW announced a restructuring of the company's corporate operations and implementation of a cost reduction plan. The plan includes cutting 12 percent of the corporate workforce at headquarters, and the CEO...

Canaccord Genuity trimmed the price targets of private prison operators Corrections Corp Of America (NYSE: CXW) and The GEO Group Inc (NYSE: GEO) following the recent announcement from the Department of Justice that it would end its use of private prisons. The brokerage, which said there is...

The diversification of Apartment Investment and Management Co (NYSE: AIV) mitigated risk, according to Canaccord Genuity, in an environment where multifamily fundamentals are broadly slowing down throughout various core markets. "That risk mitigation has driven substantial value recently as...

The private prison sector offers a unique combination of defensive fundamentals and attractive growth potential, Canaccord Genuity’s Ryan Meliker said in a report. He provided details of two stocks in particular. Stocks in this sector had earlier been under pressure on account of concerns...

Canaccord Genuity said Hersha Hospitality Trust (NYSE: HT) could pay a special dividend of as much as $0.20 a share and should see upside in the long term. The company has about $130 million in acquisitions left to execute this year to fulfill the 1031 exchange opportunities from the recent...

Canaccord Genuity’s Ryan Meliker believes Monogram Residential Trust Inc (NYSE: MORE) is a good stock to own for the latter half of 2017 when the headwinds facing the company ease up and the NOI ramps stabilize. Until then, however, the stock could see limited upside. Meliker initiated...