34,097 Shares in LXP Industrial Trust (NYSE:LXP) Bought by Choreo LLC

Choreo LLC purchased a new stake in LXP Industrial Trust (NYSE:LXP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 34,097 shares of the real estate investment trust’s stock, valued at approximately $312,000.

Other institutional investors also recently modified their holdings of the company. Inspire Investing LLC raised its position in LXP Industrial Trust by 3.0% in the 1st quarter. Inspire Investing LLC now owns 39,750 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 1,147 shares during the last quarter. CWM LLC raised its holdings in shares of LXP Industrial Trust by 52.4% in the first quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,728 shares during the last quarter. Arizona State Retirement System lifted its position in shares of LXP Industrial Trust by 2.4% in the second quarter. Arizona State Retirement System now owns 82,387 shares of the real estate investment trust’s stock worth $751,000 after purchasing an additional 1,964 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in LXP Industrial Trust by 6.6% during the fourth quarter. CIBC Asset Management Inc now owns 32,110 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 1,979 shares during the last quarter. Finally, Dakota Wealth Management grew its position in LXP Industrial Trust by 21.5% in the second quarter. Dakota Wealth Management now owns 12,315 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 2,177 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Price Performance

Shares of NYSE LXP opened at $10.16 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average price is $10.04 and its two-hundred day moving average price is $9.26. The company has a market cap of $2.99 billion, a PE ratio of 254.00 and a beta of 0.87. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.56.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Monday, September 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 1,300.00%.

Wall Street Analysts Forecast Growth

LXP has been the subject of a number of recent research reports. BNP Paribas initiated coverage on shares of LXP Industrial Trust in a research note on Tuesday, June 4th. They set an “outperform” rating and a $11.00 price objective for the company. Evercore ISI raised their price target on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research note on Monday. Finally, Jefferies Financial Group upped their price objective on LXP Industrial Trust from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.25.

LXP Industrial Trust Profile

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.