A significant insider buy by NATHANIEL DAVIS, Board Member at RLJ Lodging (NYSE:RLJ), was executed on April 29, and reported in the recent SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday, DAVIS purchased 11,711 shares of RLJ Lodging, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $129,992.
As of Tuesday morning, RLJ Lodging shares are down by 0.0%, currently priced at $11.11.
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's Economic Impact: An Analysis
Positive Revenue Trend: Examining RLJ Lodging's financials over 3 months reveals a positive narrative. The company achieved ...