On June 12, 2024, Arun Gupta, a Director at LXP Industrial Trust (LXP, Financial), purchased 15,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 65,474 shares of LXP Industrial Trust.
LXP Industrial Trust is a real estate investment trust primarily engaged in acquiring, owning, and managing industrial properties. The company focuses on single-tenant properties, including warehouses and distribution centers.
The shares were acquired at a price of $8.95 per share, valuing the transaction at approximately $134,250. This purchase aligns with the broader insider buying trend at the company, where there has been a total of 1 insider buy and 0 insider sells over the past year.
The current market cap of LXP Industrial Trust is approximately $2.59 billion. The stock's price-earnings ratio stands at 220.00, significantly above both the industry median and the company's historical median.
According to the GF Value, the intrinsic value of LXP Industrial Trust is estimated at $10.81 per share, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.83.
This insider purchase could signal a positive outlook from the insider on the company's future performance, considering the current valuation metrics and the company's market position.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
