Atria Investments Inc Buys Shares of 11,729 LXP Industrial Trust (NYSE:LXP)

Atria Investments Inc bought a new stake in shares of LXP Industrial Trust (NYSE:LXP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,729 shares of the real estate investment trust’s stock, valued at approximately $118,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of LXP Industrial Trust by 81.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,532 shares in the last quarter. Vert Asset Management LLC increased its stake in shares of LXP Industrial Trust by 1.6% in the 3rd quarter. Vert Asset Management LLC now owns 120,140 shares of the real estate investment trust’s stock worth $1,207,000 after purchasing an additional 1,874 shares in the last quarter. Arizona State Retirement System increased its stake in shares of LXP Industrial Trust by 2.4% in the 2nd 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. Dakota Wealth Management increased its stake in shares of LXP Industrial Trust by 21.5% in the 2nd quarter. Dakota Wealth Management now owns 12,315 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 2,177 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in shares of LXP Industrial Trust by 5.7% in the 3rd quarter. Inspire Investing LLC now owns 40,936 shares of the real estate investment trust’s stock worth $411,000 after purchasing an additional 2,209 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI upped their price objective on LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. One equities 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. According to MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Hold” and an average target price of $11.25.

LXP Industrial Trust Trading Up 0.9 %

Shares of LXP stock opened at $9.28 on Monday. LXP Industrial Trust has a 52-week low of $8.23 and a 52-week high of $10.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $2.73 billion, a PE ratio of 154.69 and a beta of 0.88. The stock has a fifty day simple moving average of $9.67 and a two-hundred day simple moving average of $9.53.

LXP Industrial Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s dividend payout ratio is presently 866.81%.

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.