LXP Industrial Trust (NYSE:LXP) Shares Purchased by Citigroup Inc.

Citigroup Inc. raised its holdings in LXP Industrial Trust (NYSE:LXP) by 5.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 391,995 shares of the real estate investment trust’s stock after acquiring an additional 20,753 shares during the quarter. Citigroup Inc. owned 0.13% of LXP Industrial Trust worth $3,940,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LXP. Charles Schwab Investment Management Inc. increased its position in LXP Industrial Trust by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,285,807 shares of the real estate investment trust’s stock worth $53,122,000 after purchasing an additional 209,718 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of LXP Industrial Trust by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,383,993 shares of the real estate investment trust’s stock valued at $39,982,000 after purchasing an additional 293,078 shares in the last quarter. William Blair Investment Management LLC acquired a new position in LXP Industrial Trust during the 2nd quarter worth approximately $36,683,000. Bank of New York Mellon Corp lifted its position in LXP Industrial Trust by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,102,610 shares of the real estate investment trust’s stock worth $28,296,000 after acquiring an additional 65,202 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in LXP Industrial Trust by 5.8% during the 2nd quarter. Victory Capital Management Inc. now owns 2,941,937 shares of the real estate investment trust’s stock worth $26,830,000 after acquiring an additional 160,651 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI boosted their price target on LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. One equities research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.25.

LXP Industrial Trust Trading Down 1.6 %

Shares of LXP stock opened at $9.28 on Wednesday. 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 firm has a market capitalization of $2.73 billion, a PE ratio of 154.69 and a beta of 0.86. The stock has a fifty day moving average of $9.55 and a two-hundred day moving average of $9.56. LXP Industrial Trust has a 1 year low of $8.23 and a 1 year high of $10.56.

LXP Industrial Trust Increases Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, December 31st. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.82%. LXP Industrial Trust’s payout ratio is 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.