Charles Schwab Investment Management Inc. Purchases 209,718 Shares of LXP Industrial Trust (NYSE:LXP)

Charles Schwab Investment Management Inc. increased its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,285,807 shares of the real estate investment trust's stock after purchasing an additional 209,718 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.79% of LXP Industrial Trust worth $53,122,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LXP. Blue Trust Inc. lifted its holdings in LXP Industrial Trust by 1,596.2% during the 2nd quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 2,953 shares during the last quarter. GAMMA Investing LLC raised its position in LXP Industrial Trust by 81.1% in 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 during the last quarter. Sequoia Financial Advisors LLC acquired a new position in LXP Industrial Trust in the second quarter worth $92,000. KBC Group NV grew its holdings in shares of LXP Industrial Trust by 32.7% during the third quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 2,504 shares during the last quarter. Finally, Sage Rhino Capital LLC acquired a new stake in shares of LXP Industrial Trust in the second quarter valued at $102,000. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Trading Down 0.7 %

Shares of LXP stock traded down $0.07 during trading hours on Friday, reaching $9.35. The company had a trading volume of 1,007,975 shares, compared to its average volume of 2,039,270. LXP Industrial Trust has a 1-year low of $8.23 and a 1-year high of $10.56. The company has a 50 day moving average of $9.59 and a 200 day moving average of $9.55. 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 firm has a market cap of $2.75 billion, a price-to-earnings ratio of 155.86 and a beta of 0.88.

LXP Industrial Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from LXP Industrial Trust's previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 5.78%. LXP Industrial Trust's payout ratio is currently 866.81%.

Analyst Ratings Changes

Separately, Evercore ISI upped their price target 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $11.25.

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.