Systematic Financial Management LP Boosts Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Systematic Financial Management LP increased its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,673,501 shares of the real estate investment trust's stock after purchasing an additional 334,029 shares during the quarter. Systematic Financial Management LP owned 0.91% of LXP Industrial Trust worth $26,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. boosted its stake in shares of LXP Industrial Trust by 6.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 55,731 shares of the real estate investment trust's stock valued at $560,000 after purchasing an additional 3,544 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of LXP Industrial Trust by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock valued at $530,000 after purchasing an additional 1,333 shares in the last quarter. Holocene Advisors LP boosted its stake in shares of LXP Industrial Trust by 40.1% in the 3rd quarter. Holocene Advisors LP now owns 187,226 shares of the real estate investment trust's stock valued at $1,882,000 after purchasing an additional 53,621 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of LXP Industrial Trust in the 3rd quarter valued at approximately $177,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of LXP Industrial Trust in the 3rd quarter valued at approximately $300,000. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Trading Down 0.6 %

NYSE LXP traded down $0.06 during trading hours on Thursday, reaching $9.22. The company's stock had a trading volume of 1,233,787 shares, compared to its average volume of 2,187,061. The firm has a fifty day simple moving average of $9.54 and a 200-day simple moving average of $9.56. The stock has a market cap of $2.72 billion, a P/E ratio of 154.69 and a beta of 0.86. LXP Industrial Trust has a 52 week low of $8.23 and a 52 week 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.

LXP Industrial Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.54 annualized dividend and a yield of 5.86%. LXP Industrial Trust's dividend payout ratio (DPR) is presently 866.81%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised their price objective on shares of 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 issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, LXP Industrial Trust 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.