International Assets Investment Management LLC decreased its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 92.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,924 shares of the real estate investment trust's stock after selling 155,745 shares during the quarter. International Assets Investment Management LLC's holdings in LXP Industrial Trust were worth $104,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in LXP Industrial Trust by 1.3% during the third quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust's stock worth $74,271,000 after acquiring an additional 92,409 shares during the last quarter. Barclays PLC boosted its holdings in shares of LXP Industrial Trust by 42.1% during the 3rd quarter. Barclays PLC now owns 502,548 shares of the real estate investment trust's stock worth $5,052,000 after purchasing an additional 148,852 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of LXP Industrial Trust by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 423,947 shares of the real estate investment trust's stock worth $4,261,000 after purchasing an additional 3,312 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of LXP Industrial Trust by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust's stock valued at $3,679,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of LXP Industrial Trust by 16.2% in the third quarter. Orion Portfolio Solutions LLC now owns 95,621 shares of the real estate investment trust's stock valued at $961,000 after purchasing an additional 13,301 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.
LXP Industrial Trust Trading Down 0.5 %
NYSE:LXP traded down $0.04 on Wednesday, hitting $7.99. The stock had a trading volume of 2,566,040 shares, compared to its average volume of 2,390,138. The company has a fifty day moving average price of $8.83 and a two-hundred day moving average price of $9.50. LXP Industrial Trust has a 1-year low of $7.65 and a 1-year high of $10.56. 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 stock has a market cap of $2.35 billion, a price-to-earnings ratio of 133.19 and a beta of 0.89.
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. This represents a $0.54 annualized dividend and a yield of 6.76%. This is a positive change from LXP Industrial Trust's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, December 31st. LXP Industrial Trust's dividend payout ratio is presently 900.00%.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $11.33.
Check Out Our Latest Report on LXP Industrial Trust
LXP Industrial Trust Company Profile
(
Free Report)
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.
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