LXP Industrial Trust (NYSE:LXP) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 294.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,093 shares of the real estate investment trust's stock after buying an additional 114,269 shares during the period. SG Americas Securities LLC owned 0.05% of LXP Industrial Trust worth $1,396,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LXP. CWM LLC lifted its stake in LXP Industrial Trust by 65.1% in the fourth quarter. CWM LLC now owns 3,298 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,300 shares during the last quarter. SageView Advisory Group LLC purchased a new position in LXP Industrial Trust during the 1st quarter worth $61,000. Central Pacific Bank Trust Division acquired a new position in LXP Industrial Trust in the first quarter valued at $74,000. Quadrant Capital Group LLC increased its stake in LXP Industrial Trust by 84.0% in the fourth quarter. Quadrant Capital Group LLC now owns 9,211 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 4,206 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of LXP Industrial Trust in the first quarter valued at about $96,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LXP. StockNews.com lowered LXP Industrial Trust from a "hold" rating to a "sell" rating in a report on Friday, May 3rd. Evercore ISI raised LXP Industrial Trust to a "hold" rating in a report on Thursday, August 1st. BNP Paribas started coverage on LXP Industrial Trust in a report on Tuesday, June 4th. They set an "outperform" rating and a $11.00 price target for the company. Finally, Jefferies Financial Group lifted their price objective on shares of LXP Industrial Trust from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust presently has an average rating of "Hold" and an average target price of $11.33.

LXP Industrial Trust Stock Performance

NYSE:LXP remained flat at $9.81 during mid-day trading on Friday. 2,185,165 shares of the company were exchanged, compared to its average volume of 2,323,700. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.56. The firm's fifty day moving average price is $9.55 and its 200 day moving average price is $9.06. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 245.13 and a beta of 0.86. The company has a quick ratio of 0.27, a current ratio of 0.11 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.13 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.52 annualized dividend and a dividend yield of 5.30%. LXP Industrial Trust's dividend payout ratio is currently 1,300.00%.

Insider Activity at LXP Industrial Trust

In related news, Director Arun Gupta purchased 15,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of $8.95 per share, with a total value of $134,250.00. Following the purchase, the director now directly owns 65,474 shares in the company, valued at approximately $585,992.30. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.17% of the company's stock.

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.