LXP - Noteworthy Insider Activity: Brendan Mullinix Invests $1.68M In LXP Industrial Trust Stock | Benzinga
In a recent SEC filing, it was revealed that Brendan Mullinix, EVP & Chief Investment Officer at LXP Industrial Trust (NYSE:LXP), made a noteworthy insider purchase on January 9,.
What Happened: Mullinix demonstrated confidence in LXP Industrial Trust by purchasing 174,824 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the transaction is $1,680,058.
Tracking the Wednesday's morning session, LXP Industrial Trust shares are trading at $9.7, showing a down of 0.0%.
Delving into LXP Industrial Trust's Background
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: A Financial Overview
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 ...