LXP Industrial Trust (NYSE:LXP) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in LXP Industrial Trust (NYSE:LXP) by 171.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,232 shares of the real estate investment trust’s stock after acquiring an additional 151,253 shares during the period. Natixis Advisors LLC owned 0.08% of LXP Industrial Trust worth $2,404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LXP. Blue Trust Inc. lifted its holdings in shares of LXP Industrial Trust by 1,596.2% in the 2nd 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 during the last quarter. GAMMA Investing LLC boosted its holdings in shares of LXP Industrial Trust by 81.1% during the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,532 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of LXP Industrial Trust during the second quarter worth about $92,000. Paloma Partners Management Co acquired a new stake in shares of LXP Industrial Trust in the 1st quarter worth about $96,000. Finally, Caxton Associates LP bought a new stake in LXP Industrial Trust in the 1st quarter valued at about $102,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, 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 research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of “Hold” and a consensus price target of $11.25.

LXP Industrial Trust Trading Up 0.9 %

Shares of LXP stock opened at $9.28 on Monday. The stock has a 50-day simple moving average of $9.67 and a 200 day simple moving average of $9.53. The stock has a market capitalization of $2.73 billion, a P/E ratio of 154.69 and a beta of 0.88. LXP Industrial Trust has a fifty-two week low of $8.23 and a fifty-two week high of $10.56. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.135 per share. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, December 31st. This represents a $0.54 annualized dividend and a dividend yield of 5.82%. LXP Industrial Trust’s dividend payout ratio (DPR) is 866.81%.

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.