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

Fisher Asset Management LLC decreased its holdings in LXP Industrial Trust (NYSE:LXP) by 1.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,414,578 shares of the real estate investment trust’s stock after selling 27,104 shares during the quarter. Fisher Asset Management LLC owned about 0.82% of LXP Industrial Trust worth $24,267,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Citigroup Inc. boosted its position in shares of LXP Industrial Trust by 5.6% in the 3rd quarter. Citigroup Inc. now owns 391,995 shares of the real estate investment trust’s stock worth $3,940,000 after purchasing an additional 20,753 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in LXP Industrial Trust by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,285,807 shares of the real estate investment trust’s stock worth $53,122,000 after acquiring an additional 209,718 shares during the last quarter. Intech Investment Management LLC raised its stake in LXP Industrial Trust by 97.1% in the 3rd quarter. Intech Investment Management LLC now owns 125,196 shares of the real estate investment trust’s stock worth $1,258,000 after acquiring an additional 61,682 shares during the last quarter. Quest Partners LLC raised its stake in LXP Industrial Trust by 3,160.1% in the 3rd quarter. Quest Partners LLC now owns 382,769 shares of the real estate investment trust’s stock worth $3,847,000 after acquiring an additional 371,028 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in LXP Industrial Trust by 171.9% in the 3rd quarter. Natixis Advisors LLC now owns 239,232 shares of the real estate investment trust’s stock worth $2,404,000 after acquiring an additional 151,253 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI raised their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. One research 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 currently has a consensus rating of “Hold” and a consensus price target of $11.25.

LXP Industrial Trust Stock Performance

NYSE LXP opened at $9.42 on Thursday. The stock has a 50-day simple moving average of $9.62 and a two-hundred day simple moving average of $9.54. The firm has a market capitalization of $2.77 billion, a P/E ratio of 156.94 and a beta of 0.88. LXP Industrial Trust has a fifty-two week low of $8.23 and a fifty-two week 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.135 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.74%. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 866.81%.

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.