RLJ - ROBERT MCCARTHY Takes a Bullish Stance: Acquires $129K In RLJ Lodging Stock | Benzinga
A notable insider purchase on April 29, was reported by ROBERT MCCARTHY, Board Member at RLJ Lodging (NYSE:RLJ), based on the most recent SEC filing.
What Happened: In a Form 4 filing on Monday with the U.S. Securities and Exchange Commission, it was disclosed that MCCARTHY bought 11,711 shares of RLJ Lodging, amounting to a total of $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 ...