Lighthouse Investment Partners LLC Has $10.99 Million Position in LXP Industrial Trust (NYSE:LXP)

Lighthouse Investment Partners LLC grew its holdings in LXP Industrial Trust (NYSE:LXP) by 59.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,205,000 shares of the real estate investment trust’s stock after purchasing an additional 450,000 shares during the quarter. Lighthouse Investment Partners LLC owned about 0.41% of LXP Industrial Trust worth $10,990,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in LXP. Dimensional Fund Advisors LP grew its position in shares of LXP Industrial Trust by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,114,469 shares of the real estate investment trust’s stock valued at $40,816,000 after purchasing an additional 22,001 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of LXP Industrial Trust by 14.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 18,279 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 2,353 shares during the last quarter. Norges Bank acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at about $31,529,000. Nomura Asset Management Co. Ltd. grew its position in shares of LXP Industrial Trust by 1.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 329,200 shares of the real estate investment trust’s stock valued at $3,266,000 after purchasing an additional 4,000 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at about $201,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on LXP. BNP Paribas began coverage on LXP Industrial Trust in a research report on Tuesday, June 4th. They set an “outperform” rating and a $11.00 target price on the stock. Jefferies Financial Group lifted their target price on LXP Industrial Trust from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, Evercore ISI lifted their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.25.

LXP Industrial Trust Price Performance

Shares of LXP opened at $10.15 on Friday. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 253.75 and a beta of 0.87. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.56. The company has a 50-day moving average price of $10.08 and a two-hundred day moving average price of $9.31.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.13 per share. 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 is 1,300.00%.

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.