LXP - LXP Industrial Trust EVP Trades $1.44M In Company Stock | Benzinga
A significant insider buy by Beth Boulerice, EVP at LXP Industrial Trust (NYSE:LXP), was executed on January 9, and reported in the recent SEC filing.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, Boulerice increased their investment in LXP Industrial Trust by purchasing 149,853 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $1,440,087.
The latest market snapshot at Wednesday morning reveals LXP Industrial Trust shares down by 0.0%, trading at $9.7.
Discovering LXP Industrial Trust: A Closer Look
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.
LXP Industrial Trust: Delving into Financials
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.
Insights into Profitability:
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Gross Margin: The ...