Mutual of America Capital Management LLC Decreases Position in LXP Industrial Trust (NYSE:LXP)

Mutual of America Capital Management LLC decreased its stake in shares of LXP Industrial Trust (NYSE:LXP) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,270 shares of the real estate investment trust’s stock after selling 4,105 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LXP Industrial Trust were worth $445,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in LXP Industrial Trust by 1,596.2% in the second quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 2,953 shares in the last quarter. GAMMA Investing LLC raised its stake in 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 valued at $34,000 after buying an additional 1,532 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in LXP Industrial Trust during the 2nd quarter worth about $92,000. KBC Group NV boosted its position 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 acquiring an additional 2,504 shares in the last quarter. Finally, Sage Rhino Capital LLC purchased a new position in shares of LXP Industrial Trust in the 2nd quarter valued at about $102,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI upped 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Hold” and a consensus target price of $11.25.

LXP Industrial Trust Price Performance

Shares of NYSE LXP opened at $9.42 on Thursday. The stock has a market cap of $2.77 billion, a P/E ratio of 156.94 and a beta of 0.88. LXP Industrial Trust has a twelve month low of $8.23 and a twelve month high of $10.56. The stock has a 50 day moving average of $9.62 and a two-hundred day moving average of $9.54. 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 announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.74%. 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 presently 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.