BNP Paribas Financial Markets Has $2.01 Million Stock Holdings in LXP Industrial Trust (NYSE:LXP)

BNP Paribas Financial Markets boosted its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 44.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,612 shares of the real estate investment trust's stock after purchasing an additional 61,387 shares during the period. BNP Paribas Financial Markets owned about 0.07% of LXP Industrial Trust worth $2,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its position in shares of LXP Industrial Trust by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 167,144 shares of the real estate investment trust's stock valued at $1,508,000 after acquiring an additional 10,594 shares during the period. SG Americas Securities LLC grew its position in shares of LXP Industrial Trust by 294.3% in the 2nd quarter. SG Americas Securities LLC now owns 153,093 shares of the real estate investment trust's stock valued at $1,396,000 after acquiring an additional 114,269 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of LXP Industrial Trust during the 2nd quarter worth about $92,000. Diversified Trust Co boosted its holdings in shares of LXP Industrial Trust by 199.1% during the 2nd quarter. Diversified Trust Co now owns 36,792 shares of the real estate investment trust's stock worth $336,000 after buying an additional 24,492 shares during the period. Finally, AlphaMark Advisors LLC boosted its holdings in shares of LXP Industrial Trust by 18.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 36,316 shares of the real estate investment trust's stock worth $331,000 after buying an additional 5,621 shares during the period. Institutional investors own 93.52% of the company's stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI lifted 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 report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.25.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock traded down $0.08 during midday trading on Friday, hitting $9.14. The company's stock had a trading volume of 1,194,086 shares, compared to its average volume of 1,750,228. LXP Industrial Trust has a 1-year low of $8.23 and a 1-year high of $10.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12. The company has a 50-day moving average price of $9.50 and a two-hundred day moving average price of $9.57. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 152.33 and a beta of 0.86.

LXP Industrial Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.135 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from LXP Industrial Trust's previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 5.91%. LXP Industrial Trust's payout ratio is presently 900.00%.

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.