Point72 Asia Singapore Pte. Ltd. Purchases Shares of 29,850 LXP Industrial Trust (NYSE:LXP)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of LXP Industrial Trust (NYSE:LXP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,850 shares of the real estate investment trust’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LXP. GAMMA Investing LLC increased its holdings in shares of LXP Industrial Trust by 81.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,532 shares during the last quarter. Vert Asset Management LLC raised its position in shares of LXP Industrial Trust by 1.6% in the 3rd quarter. Vert Asset Management LLC now owns 120,140 shares of the real estate investment trust’s stock valued at $1,207,000 after purchasing an additional 1,874 shares in the last quarter. Arizona State Retirement System boosted its stake in LXP Industrial Trust by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 82,387 shares of the real estate investment trust’s stock valued at $751,000 after acquiring an additional 1,964 shares during the last quarter. Dakota Wealth Management lifted its position in shares of LXP Industrial Trust by 21.5% during the second quarter. Dakota Wealth Management now owns 12,315 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 2,177 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of LXP Industrial Trust by 5.7% in the 3rd quarter. Inspire Investing LLC now owns 40,936 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 2,209 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Trading Down 1.6 %

Shares of LXP stock opened at $9.28 on Wednesday. LXP Industrial Trust has a 1 year low of $8.23 and a 1 year high of $10.56. The stock has a fifty day moving average of $9.55 and a two-hundred day moving average of $9.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $2.73 billion, a PE ratio of 154.69 and a beta of 0.86.

LXP Industrial Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.82%. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, December 31st. LXP Industrial Trust’s payout ratio is 866.81%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lifted their price target on shares of 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.25.

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.