LXP Industrial Trust (NYSE:LXP) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 42.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 502,548 shares of the real estate investment trust's stock after acquiring an additional 148,852 shares during the quarter. Barclays PLC owned about 0.17% of LXP Industrial Trust worth $5,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in LXP Industrial Trust by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,285,807 shares of the real estate investment trust's stock worth $53,122,000 after purchasing an additional 209,718 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in LXP Industrial Trust by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,383,993 shares of the real estate investment trust's stock worth $39,982,000 after acquiring an additional 293,078 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in LXP Industrial Trust in the second quarter valued at $36,683,000. Bank of New York Mellon Corp boosted its stake in LXP Industrial Trust by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 3,102,610 shares of the real estate investment trust's stock valued at $28,296,000 after acquiring an additional 65,202 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of LXP Industrial Trust by 5.8% during the second quarter. Victory Capital Management Inc. now owns 2,941,937 shares of the real estate investment trust's stock worth $26,830,000 after purchasing an additional 160,651 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Stock Performance

NYSE LXP opened at $8.32 on Friday. The business's 50-day moving average price is $9.32 and its 200 day moving average price is $9.58. 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 $2.45 billion, a P/E ratio of 138.69 and a beta of 0.86. LXP Industrial Trust has a 52-week low of $8.08 and a 52-week 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 paid a $0.135 dividend. This is an increase from LXP Industrial Trust's previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend is Tuesday, December 31st. LXP Industrial Trust's dividend payout ratio (DPR) is 900.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday. Evercore ISI raised their target price on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.33.

LXP Industrial Trust Company 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.