LXP Industrial Trust (NYSE:LXP) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 340.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,213,117 shares of the real estate investment trust's stock after purchasing an additional 1,710,867 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.75% of LXP Industrial Trust worth $22,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in LXP Industrial Trust by 81.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust's stock worth $34,000 after buying an additional 1,532 shares during the last quarter. Vert Asset Management LLC boosted its position in shares of 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 during the last quarter. Arizona State Retirement System grew its holdings in LXP Industrial Trust by 2.4% in the second quarter. Arizona State Retirement System now owns 82,387 shares of the real estate investment trust's stock valued at $751,000 after purchasing an additional 1,964 shares during the period. Dakota Wealth Management boosted its holdings in shares of LXP Industrial Trust by 21.5% in the 2nd quarter. Dakota Wealth Management now owns 12,315 shares of the real estate investment trust's stock valued at $112,000 after purchasing an additional 2,177 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of LXP Industrial Trust by 5.7% during the 3rd quarter. Inspire Investing LLC now owns 40,936 shares of the real estate investment trust's stock valued at $411,000 after buying an additional 2,209 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lifted their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the company an "in-line" rating in a report on Monday, September 16th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.25.

LXP Industrial Trust Stock Down 0.9 %

Shares of LXP traded down $0.08 during midday trading on Friday, reaching $9.14. 1,194,056 shares of the company were exchanged, compared to its average volume of 2,184,511. 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 1-year low of $8.23 and a 1-year high of $10.56. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 152.36 and a beta of 0.86. The stock has a 50-day moving average price of $9.50 and a 200-day moving average price of $9.56.

LXP Industrial Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.135 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from LXP Industrial Trust's previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a yield of 5.91%. LXP Industrial Trust's payout ratio is 866.81%.

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.