LXP Industrial Trust (NYSE:LXP) Stock Position Raised by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp boosted its stake in shares of LXP Industrial Trust (NYSE:LXP) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 282,545 shares of the real estate investment trust’s stock after buying an additional 26,434 shares during the period. Texas Permanent School Fund Corp owned about 0.10% of LXP Industrial Trust worth $2,577,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LXP. Long Pond Capital LP boosted its holdings in shares of LXP Industrial Trust by 139.3% during the first quarter. Long Pond Capital LP now owns 7,447,513 shares of the real estate investment trust’s stock worth $67,177,000 after purchasing an additional 4,335,751 shares during the period. Norges Bank purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth $31,529,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in LXP Industrial Trust by 624.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,396,610 shares of the real estate investment trust’s stock valued at $21,857,000 after purchasing an additional 2,065,667 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in LXP Industrial Trust by 4,618.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,443,977 shares of the real estate investment trust’s stock valued at $14,324,000 after purchasing an additional 1,413,377 shares in the last quarter. Finally, Hazelview Securities Inc. acquired a new position in LXP Industrial Trust in the 1st quarter worth about $12,042,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on LXP. Evercore ISI increased their price target on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a report on Monday. Jefferies Financial Group boosted their target price on shares of 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 began coverage on LXP Industrial Trust in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and an average price target of $11.25.

LXP Industrial Trust Trading Up 0.6 %

Shares of LXP stock opened at $10.22 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a fifty day moving average of $10.02 and a 200-day moving average of $9.25. LXP Industrial Trust has a 52-week low of $7.75 and a 52-week high of $10.56. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 255.50 and a beta of 0.87.

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, September 30th. This represents a $0.52 annualized dividend and a dividend yield of 5.09%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 1,300.00%.

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.