A notable insider purchase on April 29, was reported by ROBERT FORGIA LA, Director 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 LA bought 11,711 shares of RLJ Lodging, amounting to a total of $129,992.
The latest market snapshot at Tuesday morning reveals RLJ Lodging shares down by 0.0%, trading at $11.11.
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.
A Deep Dive into RLJ Lodging's Financials
Revenue Growth: RLJ Lodging's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved ...