Creative Planning Purchases 2,303 Shares of LXP Industrial Trust (NYSE:LXP)

Creative Planning grew its position in shares of LXP Industrial Trust (NYSE:LXP) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,198 shares of the real estate investment trust’s stock after purchasing an additional 2,303 shares during the period. Creative Planning’s holdings in LXP Industrial Trust were worth $504,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its stake in LXP Industrial Trust by 3.0% during the first quarter. Inspire Investing LLC now owns 39,750 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 1,147 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of LXP Industrial Trust by 81.1% in the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,532 shares during the period. Arizona State Retirement System increased its holdings in shares of LXP Industrial Trust by 2.4% in the second quarter. Arizona State Retirement System now owns 82,387 shares of the real estate investment trust’s stock worth $751,000 after buying an additional 1,964 shares during the period. Dakota Wealth Management increased its holdings in shares of LXP Industrial Trust by 21.5% in the second quarter. Dakota Wealth Management now owns 12,315 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 2,177 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of LXP Industrial Trust by 7.0% in the second quarter. Van ECK Associates Corp now owns 44,469 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 2,904 shares during the period. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Price Performance

LXP stock opened at $9.29 on Wednesday. LXP Industrial Trust has a fifty-two week low of $8.08 and a fifty-two week high of $10.56. The business’s 50 day moving average price is $9.88 and its two-hundred day moving average price is $9.46. 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 company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 116.14 and a beta of 0.88.

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.13 per share. The ex-dividend date was Monday, September 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.60%. LXP Industrial Trust’s dividend payout ratio (DPR) is 650.08%.

Analysts Set New Price Targets

Separately, Evercore ISI lifted their price objective on 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 research 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. According to MarketBeat.com, LXP Industrial Trust has an average rating of “Hold” and a consensus target price 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.