LXP Industrial Trust (NYSE:LXP) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in LXP Industrial Trust (NYSE:LXP) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,952 shares of the real estate investment trust’s stock after buying an additional 5,483 shares during the quarter. Van ECK Associates Corp’s holdings in LXP Industrial Trust were worth $486,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. abrdn plc grew its holdings in shares of LXP Industrial Trust by 10.2% in the 3rd quarter. abrdn plc now owns 60,041 shares of the real estate investment trust’s stock worth $603,000 after acquiring an additional 5,582 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in LXP Industrial Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,424 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 2,948 shares in the last quarter. International Assets Investment Management LLC raised its holdings in LXP Industrial Trust by 845.1% during the 3rd quarter. International Assets Investment Management LLC now owns 168,669 shares of the real estate investment trust’s stock worth $16,783,000 after buying an additional 150,822 shares during the period. Blue Trust Inc. lifted its stake in LXP Industrial Trust by 291.7% during the third quarter. Blue Trust Inc. now owns 12,291 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 9,153 shares in the last quarter. Finally, Vert Asset Management LLC boosted its holdings in shares of LXP Industrial Trust by 1.6% in the third quarter. Vert Asset Management LLC now owns 120,140 shares of the real estate investment trust’s stock worth $1,207,000 after buying an additional 1,874 shares during the period. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Trading Down 1.5 %

NYSE:LXP opened at $9.50 on Wednesday. The stock’s 50-day moving average is $9.82 and its two-hundred day moving average is $9.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.11. The stock has a market cap of $2.80 billion, a PE ratio of 159.67 and a beta of 0.88. LXP Industrial Trust has a fifty-two week low of $8.08 and a fifty-two week high of $10.56.

LXP Industrial Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.135 dividend. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.54 dividend on an annualized basis and a yield of 5.68%. LXP Industrial Trust’s dividend payout ratio is presently 900.00%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI upped their price target on shares of 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently 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.