LXP Industrial Trust (NYSE:LXP) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its stake in LXP Industrial Trust (NYSE:LXP) by 15.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 204,538 shares of the real estate investment trust’s stock after selling 36,899 shares during the period. Exchange Traded Concepts LLC’s holdings in LXP Industrial Trust were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Long Pond Capital LP increased its holdings in shares of LXP Industrial Trust by 139.3% in the 1st quarter. Long Pond Capital LP now owns 7,447,513 shares of the real estate investment trust’s stock worth $67,177,000 after acquiring an additional 4,335,751 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of LXP Industrial Trust by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,383,993 shares of the real estate investment trust’s stock valued at $39,982,000 after purchasing an additional 293,078 shares during the period. William Blair Investment Management LLC bought a new stake in shares of LXP Industrial Trust during the second quarter valued at approximately $36,683,000. Bank of New York Mellon Corp raised its holdings in shares of LXP Industrial Trust by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 3,102,610 shares of the real estate investment trust’s stock valued at $28,296,000 after buying an additional 65,202 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of LXP Industrial Trust by 5.8% during the second quarter. Victory Capital Management Inc. now owns 2,941,937 shares of the real estate investment trust’s stock worth $26,830,000 after buying an additional 160,651 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Trading Up 0.5 %

Shares of NYSE:LXP opened at $9.64 on Wednesday. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.56. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.84 billion, a P/E ratio of 241.00 and a beta of 0.87. The company has a 50 day moving average of $9.97 and a 200-day moving average of $9.39.

LXP Industrial Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend was Monday, September 30th. LXP Industrial Trust’s payout ratio is currently 1,300.00%.

Wall Street Analyst Weigh In

Separately, Evercore ISI raised their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.25.

LXP Industrial Trust Company 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.