LXP Industrial Trust (NYSE:LXP) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 1.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,414,578 shares of the real estate investment trust’s stock after selling 27,104 shares during the period. Fisher Asset Management LLC’s holdings in LXP Industrial Trust were worth $24,267,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in shares of LXP Industrial Trust by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,285,807 shares of the real estate investment trust’s stock valued at $53,122,000 after acquiring an additional 209,718 shares during the period. Dimensional Fund Advisors LP grew its position in shares of LXP Industrial Trust by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,383,993 shares of the real estate investment trust’s stock valued at $39,982,000 after acquiring an additional 293,078 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of LXP Industrial Trust during the 2nd quarter valued at about $36,683,000. Bank of New York Mellon Corp grew its position in shares of LXP Industrial Trust by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,102,610 shares of the real estate investment trust’s stock valued at $28,296,000 after acquiring an additional 65,202 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in LXP Industrial Trust by 5.8% in the 2nd quarter. Victory Capital Management Inc. now owns 2,941,937 shares of the real estate investment trust’s stock worth $26,830,000 after buying an additional 160,651 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

LXP Industrial Trust Trading Up 0.9 %

LXP stock opened at $9.42 on Thursday. 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 has a 12-month low of $8.23 and a 12-month high of $10.56. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 156.94 and a beta of 0.88. The business’s 50-day moving average is $9.62 and its 200 day moving average is $9.54.

LXP Industrial Trust Increases Dividend

The business 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 dividend of $0.135 per share. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 5.74%. The ex-dividend date of this dividend is Tuesday, December 31st. LXP Industrial Trust’s payout ratio is currently 866.81%.

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.