RLJ - Director At RLJ Lodging Buys $129K of Stock | Benzinga
A notable insider purchase on April 29, was reported by Patricia Gibson, Director at RLJ Lodging (NYSE:RLJ), based on the most recent SEC filing.
What Happened: Gibson 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.
At Tuesday morning, RLJ Lodging shares are down by 0.0%, trading at $11.11.
Get to Know RLJ Lodging Better
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's Financial Performance
Positive Revenue Trend: Examining RLJ Lodging's financials over 3 months reveals a positive narrative. The company achieved a ...