LXP - Insider Confidence On Display: Nabil Andrawis Acquires $296K In LXP Industrial Trust Stock | Benzinga
Nabil Andrawis, EVP at LXP Industrial Trust (NYSE:LXP), disclosed an insider purchase on January 9, based on a new SEC filing.
What Happened: In a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, it was disclosed that Andrawis bought 30,811 shares of LXP Industrial Trust, amounting to a total of $296,093.
The latest update on Wednesday morning shows LXP Industrial Trust shares down by 0.0%, trading at $9.7.
Get to Know LXP Industrial Trust Better
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
Revenue Growth: LXP Industrial Trust's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 6.66%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Key Insights into Profitability Metrics:
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Gross Margin: ...