Geode Capital Management LLC Has $74.27 Million Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Geode Capital Management LLC raised its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,388,828 shares of the real estate investment trust's stock after purchasing an additional 92,409 shares during the period. Geode Capital Management LLC owned 2.51% of LXP Industrial Trust worth $74,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in shares of 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 worth $28,000 after buying an additional 2,953 shares during the period. GAMMA Investing LLC lifted its position in LXP Industrial Trust by 81.1% during the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 1,532 shares during the last quarter. Sage Rhino Capital LLC bought a new stake in shares of LXP Industrial Trust during the second quarter worth approximately $102,000. KBC Group NV boosted 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 acquiring an additional 2,504 shares during the period. Finally, Quest Partners LLC grew its position in shares of LXP Industrial Trust by 8,053.5% in the second quarter. Quest Partners LLC now owns 11,741 shares of the real estate investment trust's stock valued at $107,000 after purchasing an additional 11,597 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LXP. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a report on Friday. Evercore ISI boosted their target price on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.33.

LXP Industrial Trust Trading Up 1.2 %

Shares of NYSE:LXP opened at $8.32 on Friday. The business's 50 day simple moving average is $9.32 and its 200 day simple moving average is $9.58. LXP Industrial Trust has a 1 year low of $8.08 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 market capitalization of $2.45 billion, a P/E ratio of 138.69 and a beta of 0.86.

LXP Industrial Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.135 per share. 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 6.49%. The ex-dividend date is Tuesday, December 31st. LXP Industrial Trust's dividend payout ratio is 900.00%.

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.