Rlj Lodging Trust (RLJ) Files Form 4 Insider Selling : Leslie D. Hale Sells 5,000 Shares

Rlj Lodging Trust (RLJ): Leslie D. Hale , CFO and Treasurer of Rlj Lodging Trust sold 5,000 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $22.51 per share for a total value of $112,550.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 13, 2015, Joseph J Ryan (director) purchased 2,000 shares at $25.37 per share price.

RLJ Lodging Trust: On Tuesday, May 10, 2016 heightened volatility was witnessed in RLJ Lodging Trust which led to swings in the share price. The shares opened for trading at $22.47 and hit $22.81 on the upside , eventually ending the session at $22.8, with a gain of 2.38% or 0.53 points. The heightened volatility saw the trading volume jump to 12,38,189 shares. The 52-week high of the share price is $32.136 and the company has a market cap of $2,846 M . The 52-week low of the share price is at $16.15.

RLJ Lodging Trust Money Flow Index Chart

Company has been under the radar of several Street Analysts.RLJ Lodging Trust is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 27, 2016.RLJ Lodging Trust is Reiterated by Barclays to Underweight while Lowering the Price Target of the company shares to $ 24 from a previous price target of $25 . The Rating was issued on Mar 9, 2016.RLJ Lodging Trust is Upgraded by BofA/Merrill to Buy. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Feb 17, 2016.

RLJ Lodging Trust is a self-advised and self-administered Maryland real estate investment trust (REIT). The Company is engaged in acquiring full-service hotels. As of December 31 2014 the Company through its wholly owned subsidiaries owned 146 properties which consisted of 144 hotels with approximately 22900 rooms and two planned hotel conversions located in 21 states and the District of Columbia and an interest in one mortgage loan secured by a hotel. The Company’s hotels are located in the New York New York; Chicago Illinois; Austin Texas; Denver-Boulder Colorado; Houston Texas and the Baltimore Maryland-Washington D.C. metropolitan areas. It operates its hotels under various brands with nearly 97% of hotels operating under existing relationships with Marriott Hilton or Hyatt. The Company’s subsidiaries include RLJ LODGING TRUST L.P. RLJ LODGING TRUST LIMITED PARTNER LLC RLJ LODGING ACQUISITIONS LLC and RLJ LODGING TRUST MASTER TRS INC. among others.

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RLJ Lodging Trust - Is it time to Sell?

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