LXP Industrial Trust (NYSE:LXP) Position Boosted by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in LXP Industrial Trust (NYSE:LXP) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,936 shares of the real estate investment trust’s stock after acquiring an additional 2,209 shares during the quarter. Inspire Investing LLC’s holdings in LXP Industrial Trust were worth $411,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of 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 worth $28,000 after acquiring an additional 2,953 shares during the period. GAMMA Investing LLC boosted its stake in LXP Industrial Trust by 81.1% during the 3rd 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 in the last quarter. CWM LLC increased its position in shares of 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. SageView Advisory Group LLC bought a new stake in shares of LXP Industrial Trust in the 1st quarter worth $61,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of LXP Industrial Trust in the first quarter valued at $74,000. Institutional investors own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lifted their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the stock 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 given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.25.

LXP Industrial Trust Price Performance

Shares of NYSE:LXP opened at $9.83 on Friday. The company has a market capitalization of $2.89 billion, a PE ratio of 245.75 and a beta of 0.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a fifty day moving average of $9.98 and a 200-day moving average of $9.40. LXP Industrial Trust has a one year low of $7.75 and a one year high of $10.56.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Monday, September 30th. LXP Industrial Trust’s dividend payout ratio is presently 1,300.00%.

About LXP Industrial Trust

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.