Intech Investment Management LLC Purchases 61,682 Shares of LXP Industrial Trust (NYSE:LXP)

Intech Investment Management LLC raised its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 97.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,196 shares of the real estate investment trust's stock after buying an additional 61,682 shares during the period. Intech Investment Management LLC's holdings in LXP Industrial Trust were worth $1,258,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of LXP. Price T Rowe Associates Inc. MD grew its stake in LXP Industrial Trust by 6.8% during 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 in the last quarter. Caxton Associates LP acquired a new stake in shares of LXP Industrial Trust in the first quarter worth about $102,000. SG Americas Securities LLC boosted its stake in shares of LXP Industrial Trust by 294.3% during the 2nd quarter. SG Americas Securities LLC now owns 153,093 shares of the real estate investment trust's stock worth $1,396,000 after acquiring an additional 114,269 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of LXP Industrial Trust during the 2nd quarter valued at about $92,000. Finally, Diversified Trust Co raised its stake in shares of LXP Industrial Trust by 199.1% in the 2nd quarter. Diversified Trust Co now owns 36,792 shares of the real estate investment trust's stock valued at $336,000 after acquiring an additional 24,492 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Performance

NYSE:LXP traded up $0.08 during mid-day trading on Wednesday, hitting $9.42. 924,845 shares of the company's stock traded hands, compared to its average volume of 2,201,898. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 155.53 and a beta of 0.88. The firm has a 50 day moving average of $9.64 and a two-hundred day moving average of $9.55. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 12 month low of $8.23 and a 12 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. Investors of record on Tuesday, December 31st will be given a dividend of $0.135 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.54 dividend on an annualized basis and a yield of 5.74%. This is a positive change from LXP Industrial Trust's previous quarterly dividend of $0.13. LXP Industrial Trust's payout ratio is 866.81%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI increased their price target on LXP Industrial Trust from $10.00 to $11.00 and gave the company 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 given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.25.

LXP Industrial Trust 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.