LXi REIT PLC (LON:LXI) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 120 ($1.57) and last traded at GBX 120 ($1.57), with a volume of 479274 shares changing hands. The stock had previously closed at GBX 119.50 ($1.56).

Separately, Peel Hunt reissued an “outperform” rating on shares of LXi REIT in a research report on Monday, September 10th.

The company also recently declared a dividend, which will be paid on Friday, December 21st. Shareholders of record on Thursday, October 11th will be given a dividend of GBX 1.38 ($0.02) per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 11th.

In other news, insider Stephen Hubbard purchased 30,000 shares of the stock in a transaction on Tuesday, October 16th. The stock was purchased at an average price of GBX 113 ($1.48) per share, with a total value of £33,900 ($44,296.35).

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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.

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