International Assets Investment Management LLC Cuts Stock Holdings in LXP Industrial Trust (NYSE:LXP)

International Assets Investment Management LLC lowered its stake in LXP Industrial Trust (NYSE:LXP) by 92.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,924 shares of the real estate investment trust’s stock after selling 155,745 shares during the quarter. International Assets Investment Management LLC’s holdings in LXP Industrial Trust were worth $104,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LXP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of LXP Industrial Trust by 340.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,213,117 shares of the real estate investment trust’s stock valued at $22,242,000 after purchasing an additional 1,710,867 shares in the last quarter. Millennium Management LLC lifted its position in LXP Industrial Trust by 173.9% during the second quarter. Millennium Management LLC now owns 1,861,986 shares of the real estate investment trust’s stock valued at $16,981,000 after purchasing an additional 1,182,258 shares during the last quarter. Marshall Wace LLP grew its stake in shares of LXP Industrial Trust by 106.5% in the 2nd quarter. Marshall Wace LLP now owns 1,047,245 shares of the real estate investment trust’s stock worth $9,551,000 after buying an additional 540,045 shares in the last quarter. Lighthouse Investment Partners LLC increased its holdings in shares of LXP Industrial Trust by 59.6% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 1,205,000 shares of the real estate investment trust’s stock worth $10,990,000 after buying an additional 450,000 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of LXP Industrial Trust by 16.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,792,408 shares of the real estate investment trust’s stock valued at $28,064,000 after buying an additional 395,798 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.33.

LXP Industrial Trust Stock Performance

Shares of LXP Industrial Trust stock opened at $8.02 on Wednesday. The company has a market capitalization of $2.36 billion, a PE ratio of 133.69 and a beta of 0.89. The company has a 50-day simple moving average of $8.83 and a two-hundred day simple moving average of $9.50. LXP Industrial Trust has a one year low of $7.65 and a one year high of $10.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12.

LXP Industrial Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.135 per share. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.73%. LXP Industrial Trust’s payout ratio is presently 900.00%.

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.