Atria Investments Inc Invests $118,000 in LXP Industrial Trust (NYSE:LXP)

Atria Investments Inc acquired a new position in LXP Industrial Trust (NYSE:LXP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 11,729 shares of the real estate investment trust’s stock, valued at approximately $118,000.

Several other large investors have also recently modified their holdings of the stock. QRG Capital Management Inc. increased its holdings in shares of LXP Industrial Trust by 17.3% in the third quarter. QRG Capital Management Inc. now owns 45,225 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 6,681 shares during the period. Van ECK Associates Corp increased its holdings in LXP Industrial Trust by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 49,952 shares of the real estate investment trust’s stock valued at $486,000 after purchasing an additional 5,483 shares during the period. abrdn plc increased its holdings in LXP Industrial Trust by 10.2% during the 3rd quarter. abrdn plc now owns 60,041 shares of the real estate investment trust’s stock valued at $603,000 after purchasing an additional 5,582 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in LXP Industrial Trust by 34.8% during the 3rd 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 period. Finally, International Assets Investment Management LLC increased its holdings in LXP Industrial Trust by 845.1% during the 3rd quarter. International Assets Investment Management LLC now owns 168,669 shares of the real estate investment trust’s stock valued at $16,783,000 after purchasing an additional 150,822 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 0.9 %

Shares of NYSE:LXP opened at $9.28 on Monday. The stock’s 50-day moving average is $9.67 and its 200 day moving average is $9.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market cap of $2.73 billion, a PE ratio of 154.69 and a beta of 0.88. 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 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 dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.82%. 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 payout ratio is presently 866.81%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI boosted their price target on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.25.

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.