KBC Group NV Acquires 2,504 Shares of LXP Industrial Trust (NYSE:LXP)

KBC Group NV increased its position in LXP Industrial Trust (NYSE:LXP) by 32.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,170 shares of the real estate investment trust’s stock after purchasing an additional 2,504 shares during the quarter. KBC Group NV’s holdings in LXP Industrial Trust were worth $102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in LXP Industrial Trust by 1,596.2% in the second quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 2,953 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 worth $34,000 after purchasing an additional 1,532 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in LXP Industrial Trust in the second quarter worth approximately $92,000. Paloma Partners Management Co bought a new position in LXP Industrial Trust in the first quarter worth approximately $96,000. Finally, Sage Rhino Capital LLC bought a new position in LXP Industrial Trust in the second quarter worth approximately $102,000. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 0.2 %

LXP Industrial Trust stock opened at $9.20 on Friday. The business has a fifty day moving average of $9.70 and a two-hundred day moving average of $9.52. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.71 billion, a P/E ratio of 153.03 and a beta of 0.88. LXP Industrial Trust has a twelve month low of $8.23 and a twelve month high of $10.56.

LXP Industrial Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.54 dividend on an annualized basis and a yield of 5.87%. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s dividend payout ratio is currently 866.81%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI upped 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 analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.25.

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.