Shares of LXP Industrial Trust (NYSE:LXP - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $8.20 and last traded at $8.22, with a volume of 3299577 shares trading hands. The stock had previously closed at $8.39.
Wall Street Analysts Forecast Growth
Separately, Evercore ISI increased their price objective on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th.
Check Out Our Latest Research Report on LXP
LXP Industrial Trust Stock Performance
The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.42 billion, a P/E ratio of 137.02 and a beta of 0.86. The company has a 50 day moving average price of $9.35 and a 200-day moving average price of $9.58.
LXP Industrial Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.135 per share. This is an increase from LXP Industrial Trust's previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, December 31st. This represents a $0.54 annualized dividend and a yield of 6.57%. LXP Industrial Trust's payout ratio is presently 900.00%.
Institutional Investors Weigh In On LXP Industrial Trust
A number of hedge funds have recently made changes to their positions in LXP. Blue Trust Inc. lifted its stake in LXP Industrial Trust by 1,596.2% in 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 lifted its stake in shares of 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 acquiring an additional 1,532 shares during the last quarter. Sage Rhino Capital LLC acquired a new stake in shares of LXP Industrial Trust during the 2nd quarter valued at $102,000. KBC Group NV grew its position in LXP Industrial Trust by 32.7% during the 3rd 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 last quarter. Finally, Quest Partners LLC increased its holdings in LXP Industrial Trust by 8,053.5% in the 2nd quarter. Quest Partners LLC now owns 11,741 shares of the real estate investment trust's stock worth $107,000 after purchasing an additional 11,597 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.
About LXP Industrial Trust
(
Get 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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