State of New Jersey Common Pension Fund D Has $2.03 Million Stock Position in LXP Industrial Trust (NYSE:LXP)

State of New Jersey Common Pension Fund D cut its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 32.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 222,077 shares of the real estate investment trust’s stock after selling 106,323 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of LXP Industrial Trust worth $2,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of LXP Industrial Trust by 1,596.2% in the second quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 2,953 shares in the last quarter. CWM LLC boosted its stake in shares of LXP Industrial Trust by 52.4% during the 1st quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,728 shares during the period. SageView Advisory Group LLC purchased a new position in shares of LXP Industrial Trust during the 1st quarter valued at $61,000. Central Pacific Bank Trust Division acquired a new position in shares of LXP Industrial Trust in the first quarter worth $74,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of LXP Industrial Trust by 84.0% during the fourth quarter. Quadrant Capital Group LLC now owns 9,211 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 4,206 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

LXP has been the topic of several research reports. Jefferies Financial Group upped their target price 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. BNP Paribas assumed coverage on shares of 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. Finally, Evercore ISI lifted their target price on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.25.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP opened at $10.12 on Friday. The business’s 50-day simple moving average is $10.07 and its 200-day simple moving average is $9.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. LXP Industrial Trust has a 52 week low of $7.75 and a 52 week high of $10.56. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 253.00 and a beta of 0.87.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, September 30th. This represents a $0.52 annualized dividend and a yield of 5.14%. 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.