LXP Industrial Trust (NYSE:LXP) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in LXP Industrial Trust (NYSE:LXP) by 92.3% in the fourth quarter, HoldingsChannel reports. The fund owned 12,924 shares of the real estate investment trust’s stock after selling 155,745 shares during the period. International Assets Investment Management LLC’s holdings in LXP Industrial Trust were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of LXP. Nomura Asset Management Co. Ltd. grew its position in shares of LXP Industrial Trust by 0.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust’s stock valued at $3,679,000 after acquiring an additional 1,100 shares during the period. HighTower Advisors LLC boosted its position in LXP Industrial Trust by 2.6% during the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust’s stock worth $530,000 after purchasing an additional 1,333 shares in the last quarter. GAMMA Investing LLC boosted its position in LXP Industrial Trust by 81.1% during the third 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 grew its holdings in 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 valued at $1,207,000 after purchasing an additional 1,874 shares during the period. Finally, Inspire Investing LLC increased its position in shares of LXP Industrial Trust by 5.7% in the third quarter. Inspire Investing LLC now owns 40,936 shares of the real estate investment trust’s stock valued at $411,000 after buying an additional 2,209 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

Shares of LXP Industrial Trust stock opened at $8.02 on Wednesday. The business’s 50 day moving average price is $8.83 and its 200 day moving average price is $9.50. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 133.69 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. LXP Industrial Trust has a one year low of $7.65 and a one year high of $10.56.

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 issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 6.73%. The ex-dividend date is Tuesday, December 31st. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s payout ratio is currently 900.00%.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.33.

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.