Handelsbanken Fonder AB Buys 30,200 Shares of LXP Industrial Trust (NYSE:LXP)

Handelsbanken Fonder AB increased its stake in LXP Industrial Trust (NYSE:LXP) by 38.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,415 shares of the real estate investment trust’s stock after purchasing an additional 30,200 shares during the period. Handelsbanken Fonder AB’s holdings in LXP Industrial Trust were worth $1,100,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LXP. Inspire Investing LLC lifted its stake in shares of LXP Industrial Trust by 3.0% during the first quarter. Inspire Investing LLC now owns 39,750 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 1,147 shares during the period. CWM LLC lifted its position in LXP Industrial Trust by 52.4% during the 1st quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,728 shares during the period. Arizona State Retirement System lifted its position in LXP Industrial Trust by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 82,387 shares of the real estate investment trust’s stock valued at $751,000 after purchasing an additional 1,964 shares during the period. Dakota Wealth Management boosted 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 valued at $112,000 after purchasing an additional 2,177 shares during the last quarter. Finally, AlphaMark Advisors LLC grew its position in shares of LXP Industrial Trust by 9.5% during the 1st quarter. AlphaMark Advisors LLC now owns 30,695 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 2,653 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Trading Up 1.3 %

NYSE:LXP opened at $9.61 on Friday. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 240.25 and a beta of 0.87. LXP Industrial Trust has a 1-year low of $7.75 and a 1-year high of $10.56. The business’s 50-day moving average price is $9.98 and its two-hundred day moving average price is $9.37. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.41%. The ex-dividend date is Monday, September 30th. LXP Industrial Trust’s payout ratio is 1,300.00%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI increased their price objective on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a report 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.