LXP - SVP & Chief Accounting Officer Of LXP Industrial Trust Purchased $185K In Stock | Benzinga
Mark Cherone, SVP & Chief Accounting Officer at LXP Industrial Trust (NYSE:LXP), disclosed an insider purchase on January 9, based on a new SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday unveiled that Cherone made a notable purchase of 19,260 shares of LXP Industrial Trust, valuing at $185,088.
Tracking the Wednesday's morning session, LXP Industrial Trust shares are trading at $9.7, showing a down of 0.0%.
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.
LXP Industrial Trust: Delving into Financials
Revenue Growth: Over the 3 months period, LXP Industrial Trust showcased positive performance, achieving a revenue growth rate of 6.66% as of 30 September, 2023. This reflects 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.
Navigating Financial Profits:
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Gross Margin: The company shows a low gross margin ...