LXP Industrial Trust (NYSE:LXP) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,755 shares of the real estate investment trust’s stock after purchasing an additional 1,333 shares during the quarter. HighTower Advisors LLC’s holdings in LXP Industrial Trust were worth $530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LXP. Blue Trust Inc. lifted its position in LXP Industrial Trust by 1,596.2% in the 2nd quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 2,953 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of LXP Industrial Trust by 81.1% in the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,532 shares during the period. KBC Group NV raised its holdings in shares of LXP Industrial Trust by 32.7% during the third quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 2,504 shares during the last quarter. Sage Rhino Capital LLC bought a new stake in shares of LXP Industrial Trust during the second quarter valued at approximately $102,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of LXP Industrial Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,424 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 2,948 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LXP has been the topic of several recent analyst reports. Evercore ISI lifted their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.33.

LXP Industrial Trust Stock Up 1.2 %

NYSE:LXP opened at $8.32 on Friday. LXP Industrial Trust has a 1-year low of $8.08 and a 1-year high of $10.56. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 138.69 and a beta of 0.86. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $9.32 and its 200 day moving average price is $9.58.

LXP Industrial Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.49%. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, December 31st. LXP Industrial Trust’s dividend payout ratio is 900.00%.

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.