Nisa Investment Advisors LLC Has $644,000 Holdings in LXP Industrial Trust (NYSE:LXP)

Nisa Investment Advisors LLC lowered its position in LXP Industrial Trust (NYSE:LXP) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,929 shares of the real estate investment trust’s stock after selling 4,840 shares during the period. Nisa Investment Advisors LLC’s holdings in LXP Industrial Trust were worth $644,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position 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 last quarter. First Hawaiian Bank bought a new position in shares of LXP Industrial Trust in the fourth quarter valued at approximately $100,000. KBC Group NV boosted its holdings in shares of LXP Industrial Trust by 32.7% during the 3rd quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 2,504 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of LXP Industrial Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,424 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 2,948 shares during the last quarter. Finally, Atria Investments Inc bought a new position in shares of LXP Industrial Trust in the third quarter worth about $118,000. 93.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, December 20th. One equities research 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.33.

LXP Industrial Trust Trading Down 1.0 %

LXP stock opened at $8.53 on Wednesday. The company has a market cap of $2.51 billion, a P/E ratio of 142.11 and a beta of 0.89. 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 has a twelve month low of $7.65 and a twelve month high of $10.56. The business has a fifty day moving average of $8.60 and a 200-day moving average of $9.43.

LXP Industrial Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.135 dividend. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, December 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.33%. LXP Industrial Trust’s payout ratio is 900.15%.

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.