Public Employees Retirement Association of Colorado Cuts Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Public Employees Retirement Association of Colorado reduced its stake in LXP Industrial Trust (NYSE:LXP) by 0.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,428,370 shares of the real estate investment trust’s stock after selling 2,327 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.49% of LXP Industrial Trust worth $13,027,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of LXP Industrial Trust by 294.3% during the second quarter. SG Americas Securities LLC now owns 153,093 shares of the real estate investment trust’s stock valued at $1,396,000 after purchasing an additional 114,269 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in shares of LXP Industrial Trust by 38.6% in the 1st quarter. Centersquare Investment Management LLC now owns 282,510 shares of the real estate investment trust’s stock worth $2,359,000 after buying an additional 78,610 shares during the last quarter. Norges Bank bought a new position in shares of LXP Industrial Trust in the fourth quarter valued at approximately $31,529,000. UniSuper Management Pty Ltd increased its position in shares of LXP Industrial Trust by 127.6% during the first quarter. UniSuper Management Pty Ltd now owns 185,708 shares of the real estate investment trust’s stock valued at $1,675,000 after acquiring an additional 104,108 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in LXP Industrial Trust during the fourth quarter worth $976,000. 93.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LXP. BNP Paribas started coverage on LXP Industrial Trust in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 price objective for the company. Evercore ISI raised their price objective on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Jefferies Financial Group boosted their target price on shares of LXP Industrial Trust from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.25.

LXP Industrial Trust Trading Down 1.8 %

Shares of LXP opened at $10.11 on Friday. LXP Industrial Trust has a fifty-two week low of $7.75 and a fifty-two week high of $10.56. The business has a 50-day moving average of $10.07 and a 200 day moving average of $9.29. The firm has a market cap of $2.98 billion, a P/E ratio of 252.75 and a beta of 0.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, September 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 1,300.00%.

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.