RLJ - RLJ Lodging Recent Insider Activity | Benzinga
In a recent SEC filing, it was revealed that Evan Bayh, Board Member at RLJ Lodging (NYSE:RLJ), made a noteworthy insider purchase on April 29,.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Bayh purchased 11,711 shares of RLJ Lodging. The total transaction amounted to $129,992.
In the Tuesday's morning session, RLJ Lodging's shares are currently trading at $11.11, experiencing a down of 0.0%.
Delving into RLJ Lodging's Background
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
Revenue Growth: RLJ Lodging's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of ...