Perpetual Ltd Increases Holdings in LXP Industrial Trust (NYSE:LXP)

Perpetual Ltd lifted its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 112.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,030 shares of the real estate investment trust's stock after purchasing an additional 55,630 shares during the quarter. Perpetual Ltd's holdings in LXP Industrial Trust were worth $853,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its holdings in shares of LXP Industrial Trust by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust's stock worth $3,679,000 after purchasing an additional 1,100 shares during the last quarter. HighTower Advisors LLC grew its position in LXP Industrial Trust by 2.6% in the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock worth $530,000 after acquiring an additional 1,333 shares in the last quarter. GAMMA Investing LLC grew its position in LXP Industrial Trust by 81.1% in the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 1,532 shares in the last quarter. Vert Asset Management LLC grew its position in LXP Industrial Trust by 1.6% in the third quarter. Vert Asset Management LLC now owns 120,140 shares of the real estate investment trust's stock worth $1,207,000 after acquiring an additional 1,874 shares in the last quarter. Finally, Inspire Investing LLC grew its position in LXP Industrial Trust by 5.7% in the third quarter. Inspire Investing LLC now owns 40,936 shares of the real estate investment trust's stock worth $411,000 after acquiring an additional 2,209 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $11.33.

LXP Industrial Trust Trading Up 0.8 %

Shares of NYSE:LXP traded up $0.07 during trading hours on Thursday, hitting $8.42. 819,055 shares of the company's stock traded hands, compared to its average volume of 2,274,294. LXP Industrial Trust has a 1 year low of $7.65 and a 1 year high of $10.56. The business has a fifty day moving average price of $8.66 and a 200-day moving average price of $9.46. The firm has a market capitalization of $2.48 billion, a P/E ratio of 140.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12.

LXP Industrial Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 6.42%. The ex-dividend date was Tuesday, December 31st. This is a positive change from LXP Industrial Trust's previous quarterly dividend of $0.13. LXP Industrial Trust's payout ratio is 900.15%.

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.