RLJ - Board Member At RLJ Lodging Buys $129K of Stock | Benzinga
Disclosed in the latest SEC filing, a significant insider purchase on April 30, involves Reginald Arthur Collins, Board Member at RLJ Lodging (NYSE:RLJ).
What Happened: Collins made a significant move by purchasing 11,711 shares of RLJ Lodging as reported in a Form 4 filing with the U.S. Securities and Exchange Commission. The transaction's total worth stands at $129,992.
Monitoring the market, RLJ Lodging's shares down by 0.0% at $11.0 during Wednesday's morning.
All You Need to Know About RLJ Lodging
RLJ Lodging Trust is a real estate investment trust that acquires focused-service and compact full-service hotels. Its portfolio consists of hotels in various states across the United States and the District of Columbia. Its hotels are under the Marriott, Hilton, and Hyatt brand names. These hotels are concentrated in urban areas, dense suburban markets, and business districts within metropolitan areas. Its revenue streams include hotel operations revenue, which is composed of the sale of rooms, food, and beverages, and other property revenue. The company derives the substantial majority of its revenue from the operation of hotels.
RLJ Lodging: Delving into Financials
Revenue Growth: Over the 3 months period, RLJ Lodging showcased positive performance, achieving a revenue growth rate of 5.8% as of 31 December, 2023. ...