Quest Partners LLC Boosts Holdings in LXP Industrial Trust (NYSE:LXP)

Quest Partners LLC increased its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 3,160.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,769 shares of the real estate investment trust's stock after purchasing an additional 371,028 shares during the period. LXP Industrial Trust makes up approximately 0.3% of Quest Partners LLC's holdings, making the stock its 15th biggest position. Quest Partners LLC owned 0.13% of LXP Industrial Trust worth $3,847,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in LXP Industrial Trust by 1,596.2% in the 2nd quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust's stock worth $28,000 after buying an additional 2,953 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of LXP Industrial Trust by 81.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 1,532 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in LXP Industrial Trust in the 2nd quarter worth $92,000. Paloma Partners Management Co bought a new stake in LXP Industrial Trust during the 1st quarter valued at approximately $96,000. Finally, Caxton Associates LP bought a new position in LXP Industrial Trust during the first quarter valued at approximately $102,000. Hedge funds and other institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP traded up $0.04 during trading on Monday, reaching $9.23. 2,062,461 shares of the company traded hands, compared to its average volume of 2,210,312. 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 has a 12-month low of $8.13 and a 12-month high of $10.56. The firm's fifty day simple moving average is $9.75 and its 200 day simple moving average is $9.52. The stock has a market cap of $2.72 billion, a P/E ratio of 153.03 and a beta of 0.88.

LXP Industrial Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.85%. This is an increase 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 866.81%.

Analysts Set New Price Targets

Separately, Evercore ISI lifted their price objective 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 analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, LXP Industrial Trust currently has an average rating of "Hold" and an average price target of $11.25.

LXP Industrial Trust 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.