LXP Industrial Trust (NYSE:LXP) Shares Sold by Anson Funds Management LP

Anson Funds Management LP lessened its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 16.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 368,083 shares of the real estate investment trust's stock after selling 72,579 shares during the period. Anson Funds Management LP owned 0.12% of LXP Industrial Trust worth $3,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of LXP Industrial Trust by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,285,807 shares of the real estate investment trust's stock valued at $53,122,000 after buying an additional 209,718 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in LXP Industrial Trust by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,383,993 shares of the real estate investment trust's stock worth $39,982,000 after buying an additional 293,078 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of LXP Industrial Trust in the 2nd quarter worth $36,683,000. Bank of New York Mellon Corp raised its holdings in shares of LXP Industrial Trust by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,102,610 shares of the real estate investment trust's stock worth $28,296,000 after acquiring an additional 65,202 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of LXP Industrial Trust by 5.8% during the 2nd quarter. Victory Capital Management Inc. now owns 2,941,937 shares of the real estate investment trust's stock worth $26,830,000 after acquiring an additional 160,651 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

LXP Industrial Trust Trading Down 0.9 %

NYSE:LXP traded down $0.08 on Friday, reaching $9.14. 1,194,086 shares of the company's stock were exchanged, compared to its average volume of 1,750,228. The business has a fifty day moving average of $9.50 and a 200-day moving average of $9.57. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 52-week low of $8.23 and a 52-week high of $10.56. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 152.33 and a beta of 0.86.

LXP Industrial Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.91%. 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 payout ratio is presently 900.00%.

About LXP Industrial Trust

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.