Thrivent Financial for Lutherans Sells 489,045 Shares of LXP Industrial Trust (NYSE:LXP)

Thrivent Financial for Lutherans lowered its stake in LXP Industrial Trust (NYSE:LXP) by 67.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 231,142 shares of the real estate investment trust’s stock after selling 489,045 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of LXP Industrial Trust worth $2,323,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. William Blair Investment Management LLC acquired a new stake in shares of LXP Industrial Trust in the 2nd quarter valued at about $36,683,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of LXP Industrial Trust by 624.2% in 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 buying an additional 2,065,667 shares in the last quarter. Millennium Management LLC raised its position in LXP Industrial Trust by 173.9% during the second quarter. Millennium Management LLC now owns 1,861,986 shares of the real estate investment trust’s stock valued at $16,981,000 after purchasing an additional 1,182,258 shares in the last quarter. Marshall Wace LLP raised its position in LXP Industrial Trust by 106.5% during the second quarter. Marshall Wace LLP now owns 1,047,245 shares of the real estate investment trust’s stock valued at $9,551,000 after purchasing an additional 540,045 shares in the last quarter. Finally, Lighthouse Investment Partners LLC grew its stake in shares of LXP Industrial Trust by 59.6% during the second quarter. Lighthouse Investment Partners LLC now owns 1,205,000 shares of the real estate investment trust’s stock worth $10,990,000 after buying an additional 450,000 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI upped their price target on shares of 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company 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 $9.42 on Thursday. LXP Industrial Trust has a 52-week low of $8.23 and a 52-week high of $10.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. The company has a 50-day simple moving average of $9.62 and a two-hundred day simple moving average of $9.54. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 156.94 and a beta of 0.88.

LXP Industrial Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 5.74%. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, December 31st. LXP Industrial Trust’s dividend payout ratio is presently 866.81%.

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.