LXP Industrial Trust (NYSE:LXP) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its position in LXP Industrial Trust (NYSE:LXP) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,624,290 shares of the real estate investment trust’s stock after selling 90,766 shares during the period. Wellington Management Group LLP owned 0.89% of LXP Industrial Trust worth $26,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of LXP Industrial Trust by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,803,218 shares of the real estate investment trust’s stock worth $47,648,000 after acquiring an additional 199,736 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in LXP Industrial Trust by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,140,607 shares of the real estate investment trust’s stock worth $41,075,000 after buying an additional 22,956 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in LXP Industrial Trust by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,114,469 shares of the real estate investment trust’s stock worth $40,816,000 after buying an additional 22,001 shares in the last quarter. Waterfront Capital Partners LLC lifted its position in LXP Industrial Trust by 105.0% during the fourth quarter. Waterfront Capital Partners LLC now owns 3,485,803 shares of the real estate investment trust’s stock worth $34,579,000 after buying an additional 1,785,803 shares in the last quarter. Finally, Norges Bank purchased a new position in LXP Industrial Trust during the fourth quarter worth approximately $31,529,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LXP Industrial Trust

In other news, Director Arun Gupta acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of $8.95 per share, with a total value of $134,250.00. Following the completion of the purchase, the director now owns 65,474 shares of the company’s stock, valued at approximately $585,992.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.17% of the company’s stock.

LXP Industrial Trust Price Performance

NYSE:LXP opened at $9.13 on Tuesday. LXP Industrial Trust has a 52 week low of $7.75 and a 52 week high of $10.75. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.69 billion, a P/E ratio of 228.25 and a beta of 0.85. The stock’s fifty day moving average is $8.68 and its two-hundred day moving average is $9.01.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.52 dividend on an annualized basis and a yield of 5.70%. LXP Industrial Trust’s dividend payout ratio is currently 1,300.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LXP shares. StockNews.com downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Jefferies Financial Group lifted their price objective on LXP Industrial Trust from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, BNP Paribas started coverage on LXP Industrial Trust in a research report on Tuesday, June 4th. They set an “outperform” rating and a $11.00 price objective on the stock.

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.