Perpetual Ltd Purchases 55,630 Shares of LXP Industrial Trust (NYSE:LXP)

Perpetual Ltd raised its position in shares of LXP Industrial Trust (NYSE:LXPFree Report) by 112.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,030 shares of the real estate investment trust’s stock after buying an additional 55,630 shares during the period. Perpetual Ltd’s holdings in LXP Industrial Trust were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of LXP. Geode Capital Management LLC raised its position in LXP Industrial Trust by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust’s stock valued at $74,271,000 after purchasing an additional 92,409 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of LXP Industrial Trust by 4.1% in the third 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 buying an additional 209,718 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LXP Industrial Trust by 7.2% in the second 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 buying an additional 293,078 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in 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 worth $28,064,000 after buying an additional 395,798 shares in the last quarter. Finally, Systematic Financial Management LP grew its holdings in LXP Industrial Trust by 14.3% during the 3rd quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock worth $26,869,000 after acquiring an additional 334,029 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on LXP Industrial Trust

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $8.35 on Thursday. The business’s 50-day simple moving average is $8.68 and its 200 day simple moving average is $9.46. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 139.11 and a beta of 0.89. LXP Industrial Trust has a 12-month low of $7.65 and a 12-month high of $10.56.

LXP Industrial Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.135 per share. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.47%. LXP Industrial Trust’s payout ratio is currently 900.15%.

LXP Industrial Trust Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for LXP Industrial Trust (NYSE:LXP)

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