Wellington Management Group LLP raised its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,650,679 shares of the real estate investment trust's stock after purchasing an additional 98,437 shares during the quarter. Wellington Management Group LLP owned 0.90% of LXP Industrial Trust worth $26,639,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC boosted its position in 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 worth $530,000 after purchasing an additional 1,333 shares in the last quarter. GAMMA Investing LLC grew its position in shares of LXP Industrial Trust by 81.1% during 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 period. Vert Asset Management LLC increased its stake in shares of LXP Industrial Trust by 1.6% in the 3rd quarter. Vert Asset Management LLC now owns 120,140 shares of the real estate investment trust's stock valued at $1,207,000 after purchasing an additional 1,874 shares in the last quarter. Arizona State Retirement System raised its holdings in LXP Industrial Trust by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 82,387 shares of the real estate investment trust's stock worth $751,000 after purchasing an additional 1,964 shares during the period. Finally, Dakota Wealth Management boosted its position in LXP Industrial Trust by 21.5% during the second quarter. Dakota Wealth Management now owns 12,315 shares of the real estate investment trust's stock worth $112,000 after purchasing an additional 2,177 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.
LXP Industrial Trust Price Performance
Shares of NYSE:LXP traded down $0.05 during trading on Friday, reaching $9.01. The stock had a trading volume of 627,454 shares, compared to its average volume of 2,170,941. The business has a fifty day moving average price of $9.44 and a 200-day moving average price of $9.58. LXP Industrial Trust has a 1-year low of $8.23 and a 1-year high of $10.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $2.65 billion, a PE ratio of 151.03 and a beta of 0.86.
LXP Industrial Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.99%. This is a boost from LXP Industrial Trust's previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, December 31st. LXP Industrial Trust's dividend payout ratio is 866.81%.
Wall Street Analysts Forecast Growth
Separately, Evercore ISI boosted their price objective on 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $11.25.
Read Our Latest Stock Report on LXP
About LXP Industrial Trust
(
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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