Insider Buying: LXi REIT PLC (LXI) Insider Acquires 4,404 Shares of Stock

LXi REIT PLC (LON:LXI) insider Stephen Hubbard acquired 4,404 shares of the business’s stock in a transaction on Friday, March 29th. The shares were bought at an average cost of GBX 126 ($1.65) per share, for a total transaction of £5,549.04 ($7,250.80).

LXI stock traded up GBX 1 ($0.01) during trading on Monday, hitting GBX 133 ($1.74). The stock had a trading volume of 496,998 shares, compared to its average volume of 316,741. LXi REIT PLC has a 1-year low of GBX 1.04 ($0.01) and a 1-year high of GBX 128 ($1.67).

The company also recently announced a dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 7th were paid a GBX 1.38 ($0.02) dividend. This represents a yield of 1.14%. The ex-dividend date was Thursday, March 7th.

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LXi REIT Company Profile

The Company invests in UK commercial property assets let, or pre-let, on very long (typically 20 to 30 years to expiry or first break), inflation-linked leases to a wide range of strong tenant covenants across a diverse range of property sectors. The Company may invest in fixed-price forward funded developments, provided they are pre-let to an acceptable tenant and full planning permission is in place.

See Also: Systematic Risk

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