Victory Capital Management Inc. Trims Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Victory Capital Management Inc. cut its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,882,158 shares of the real estate investment trust's stock after selling 59,779 shares during the quarter. Victory Capital Management Inc. owned approximately 0.98% of LXP Industrial Trust worth $28,966,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of LXP Industrial Trust by 1,596.2% during 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 holdings in LXP Industrial Trust by 81.1% during 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 during the period. Sequoia Financial Advisors LLC purchased a new position in LXP Industrial Trust in the second quarter worth $92,000. Paloma Partners Management Co bought a new position in LXP Industrial Trust in the 1st quarter valued at $96,000. Finally, Sage Rhino Capital LLC purchased a new stake in shares of LXP Industrial Trust during the 2nd quarter valued at $102,000. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Performance

NYSE LXP traded up $0.04 on Monday, hitting $9.23. 2,062,461 shares of the stock traded hands, compared to its average volume of 2,210,312. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. The business's fifty day moving average is $9.75 and its two-hundred day moving average is $9.52. LXP Industrial Trust has a 12 month low of $8.13 and a 12 month high of $10.56. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 153.03 and a beta of 0.88.

LXP Industrial Trust Increases Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from LXP Industrial Trust's previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a yield of 5.85%. LXP Industrial Trust's dividend payout ratio is 866.81%.

Wall Street Analyst Weigh In

Separately, Evercore ISI boosted their price target on shares of 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 issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.