LXP Industrial Trust (NYSE:LXP) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in LXP Industrial Trust (NYSE:LXP) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,755 shares of the real estate investment trust’s stock after purchasing an additional 1,333 shares during the period. HighTower Advisors LLC’s holdings in LXP Industrial Trust were worth $530,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in LXP Industrial Trust by 1,596.2% during 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. GAMMA Investing LLC boosted its position in shares of LXP Industrial Trust by 81.1% in the 3rd 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 in the last quarter. Sage Rhino Capital LLC acquired a new stake in LXP Industrial Trust in the 2nd quarter valued at about $102,000. KBC Group NV grew its stake in LXP Industrial Trust by 32.7% in the 3rd quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 2,504 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in LXP Industrial Trust by 8,053.5% during the 2nd quarter. Quest Partners LLC now owns 11,741 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 11,597 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Trading Up 1.2 %

Shares of LXP stock opened at $8.32 on Friday. LXP Industrial Trust has a twelve month low of $8.08 and a twelve month high of $10.56. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 138.69 and a beta of 0.86. The firm has a 50-day moving average price of $9.32 and a 200 day moving average price of $9.58. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 6.49%. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, December 31st. LXP Industrial Trust’s dividend payout ratio is 900.00%.

Analyst Ratings Changes

LXP has been the topic of several recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a report on Friday. Evercore ISI upped their target price on 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LXP Industrial Trust currently has an average rating of “Hold” and an average target price of $11.33.

About LXP Industrial Trust

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.