OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 1,802.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,887 shares of the real estate investment trust's stock after acquiring an additional 297,386 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned about 0.11% of LXP Industrial Trust worth $3,155,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the business. Texas Permanent School Fund Corp lifted its stake in LXP Industrial Trust by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 256,111 shares of the real estate investment trust's stock valued at $2,310,000 after buying an additional 3,421 shares during the period. Inspire Investing LLC boosted its stake in LXP Industrial Trust by 3.0% during the 1st quarter. Inspire Investing LLC now owns 39,750 shares of the real estate investment trust's stock worth $359,000 after acquiring an additional 1,147 shares during the last quarter. QRG Capital Management Inc. grew its holdings in LXP Industrial Trust by 9.6% during the first quarter. QRG Capital Management Inc. now owns 38,350 shares of the real estate investment trust's stock valued at $346,000 after purchasing an additional 3,347 shares during the period. ProShare Advisors LLC raised its holdings in LXP Industrial Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 58,498 shares of the real estate investment trust's stock worth $528,000 after purchasing an additional 4,015 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of LXP Industrial Trust by 11.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 123,140 shares of the real estate investment trust's stock valued at $1,111,000 after buying an additional 13,080 shares during the period. Institutional investors own 93.52% of the company's stock.
LXP Industrial Trust Stock Up 0.3 %
Shares of LXP stock traded up $0.03 during trading hours on Wednesday, hitting $9.53. 1,274,110 shares of the company were exchanged, compared to its average volume of 2,218,735. The company has a market capitalization of $2.81 billion, a PE ratio of 158.86 and a beta of 0.88. LXP Industrial Trust has a 52 week low of $8.13 and a 52 week high of $10.56. The business has a 50 day moving average of $9.81 and a two-hundred day moving average of $9.50. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21.
LXP Industrial Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.135 per share. This is a boost from LXP Industrial Trust's previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Tuesday, December 31st. LXP Industrial Trust's dividend payout ratio is currently 866.81%.
Wall Street Analyst Weigh In
Separately, Evercore ISI lifted their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. 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 company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.25.
View Our Latest Analysis 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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