Natixis Advisors LLC Purchases 151,253 Shares of LXP Industrial Trust (NYSE:LXP)

Natixis Advisors LLC grew its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 171.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,232 shares of the real estate investment trust's stock after acquiring an additional 151,253 shares during the period. Natixis Advisors LLC owned about 0.08% of LXP Industrial Trust worth $2,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in 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. Vert Asset Management LLC grew its position in shares of LXP Industrial Trust by 1.6% during the third 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 increased its holdings in shares of LXP Industrial Trust by 2.4% in the second 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 last quarter. Dakota Wealth Management lifted its position in shares of LXP Industrial Trust by 21.5% in the second quarter. Dakota Wealth Management now owns 12,315 shares of the real estate investment trust's stock worth $112,000 after buying an additional 2,177 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in LXP Industrial Trust by 5.7% during the third quarter. Inspire Investing LLC now owns 40,936 shares of the real estate investment trust's stock valued at $411,000 after buying an additional 2,209 shares during the last quarter. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Price Performance

Shares of NYSE LXP traded up $0.13 during mid-day trading on Monday, hitting $9.41. 2,431,704 shares of the company's stock traded hands, compared to its average volume of 2,209,062. The company has a market capitalization of $2.77 billion, a P/E ratio of 156.83 and a beta of 0.88. 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 current ratio of 0.12 and a quick ratio of 0.12. The company's 50-day moving average is $9.67 and its two-hundred day moving average is $9.54.

LXP Industrial Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.74%. This is a positive change 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 (DPR) is presently 900.00%.

Analysts Set New Price Targets

Separately, Evercore ISI lifted their price objective on 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $11.25.

LXP Industrial Trust Company 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.