LXP - Smart Money Move: Joseph Bonventre Grabs $2.00M Worth Of LXP Industrial Trust Stock | Benzinga
A significant insider buy by Joseph Bonventre, EVP at LXP Industrial Trust (NYSE:LXP), was executed on January 9, and reported in the recent SEC filing.
What Happened: Bonventre's recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, involves purchasing 208,118 shares of LXP Industrial Trust. The total transaction value is $2,000,013.
The latest update on Wednesday morning shows LXP Industrial Trust shares down by 0.0%, trading at $9.7.
About 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.
Unraveling the Financial Story of LXP Industrial Trust
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. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Exploring Profitability:
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Gross Margin: The company faces challenges with a ...