LXP - Chairman At LXP Industrial Trust Buys $5.44M of Stock | Benzinga
On January 9, Wilson T Eglin, Chairman at LXP Industrial Trust (NYSE:LXP) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday unveiled that Eglin made a notable purchase of 566,078 shares of LXP Industrial Trust, valuing at $5,440,009.
LXP Industrial Trust's shares are actively trading at $9.7, experiencing a down of 0.0% during Wednesday's morning session.
Unveiling the Story Behind LXP Industrial Trust
LXP Industrial Trust is a real estate investment trust principally involved in the ownership of equity and debt investments in single-tenant properties and land throughout the United States. Majority of the revenue is earned through rental revenue.
Breaking Down LXP Industrial Trust's Financial Performance
Positive Revenue Trend: Examining LXP Industrial Trust's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.66% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Holistic Profitability ...