MQS Management LLC Takes $542,000 Position in LXP Industrial Trust (NYSE:LXP)

MQS Management LLC bought a new position in shares of LXP Industrial Trust (NYSE:LXP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 59,433 shares of the real estate investment trust’s stock, valued at approximately $542,000.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in LXP Industrial Trust by 294.3% in the 2nd quarter. SG Americas Securities LLC now owns 153,093 shares of the real estate investment trust’s stock valued at $1,396,000 after buying an additional 114,269 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of LXP Industrial Trust by 38.6% in the first quarter. Centersquare Investment Management LLC now owns 282,510 shares of the real estate investment trust’s stock valued at $2,359,000 after acquiring an additional 78,610 shares in the last quarter. Norges Bank bought a new position in LXP Industrial Trust during the fourth quarter worth about $31,529,000. UniSuper Management Pty Ltd raised its stake in LXP Industrial Trust by 127.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 185,708 shares of the real estate investment trust’s stock worth $1,675,000 after purchasing an additional 104,108 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its holdings in LXP Industrial Trust by 4,618.9% in the 4th 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 during the period. 93.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LXP has been the topic of several recent research reports. BNP Paribas started coverage on shares of LXP Industrial Trust in a report on Tuesday, June 4th. They set an “outperform” rating and a $11.00 target price on the stock. Jefferies Financial Group increased their price target 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, Evercore ISI raised 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. One 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.25.

LXP Industrial Trust Trading Down 0.2 %

LXP opened at $10.15 on Thursday. The company has a market cap of $2.99 billion, a P/E ratio of 253.63 and a beta of 0.87. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $10.05 and its 200-day moving average is $9.27. LXP Industrial Trust has a 1-year low of $7.75 and a 1-year high of $10.56.

LXP Industrial Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Monday, September 30th. LXP Industrial Trust’s payout ratio is 1,300.00%.

LXP Industrial Trust Company 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.