LXI REIT (LON:LXI) Trading 1.9% Higher

LXI REIT plc (LON:LXIGet Rating)’s share price shot up 1.9% during mid-day trading on Wednesday . The stock traded as high as GBX 142.40 ($1.72) and last traded at GBX 141 ($1.70). 4,761,992 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 5,052,970 shares. The stock had previously closed at GBX 138.40 ($1.67).

LXI REIT Stock Down 4.1 %

The company’s fifty day moving average price is GBX 147.94 and its 200-day moving average price is GBX 145.84. The stock has a market cap of ¬£2.17 billion and a P/E ratio of 573.04. The company has a debt-to-equity ratio of 19.44, a quick ratio of 2.37 and a current ratio of 2.89.

LXI REIT Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, September 29th will be issued a dividend of GBX 1.58 ($0.02) per share. This is a positive change from LXI REIT’s previous dividend of $1.50. The ex-dividend date of this dividend is Thursday, September 29th. This represents a yield of 1.12%. LXI REIT’s dividend payout ratio (DPR) is presently 25.91%.

Insider Activity

In other LXI REIT news, insider Hugh Seaborn purchased 20,095 shares of LXI REIT stock in a transaction dated Wednesday, July 20th. The stock was acquired at an average price of GBX 149 ($1.80) per share, for a total transaction of £29,941.55 ($36,178.77).

LXI REIT Company Profile

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The Company, a real estate investment trust ("REIT") incorporated in England and Wales, is listed on the premium listing segment of the Official List of the UK Listing Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in February 2017.

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