Weiss Asset Management LP Invests $760,000 in LXP Industrial Trust (NYSE:LXP)

Weiss Asset Management LP acquired a new stake in shares of LXP Industrial Trust (NYSE:LXP) during the third quarter, HoldingsChannel reports. The fund acquired 75,640 shares of the real estate investment trust’s stock, valued at approximately $760,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in LXP Industrial Trust by 340.6% during the 3rd 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 buying an additional 1,710,867 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of LXP Industrial Trust by 294.3% in the 2nd quarter. SG Americas Securities LLC now owns 153,093 shares of the real estate investment trust’s stock worth $1,396,000 after buying an additional 114,269 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of LXP Industrial Trust by 16.5% in the third 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 acquiring an additional 395,798 shares during the period. Natixis Advisors LLC increased its position in LXP Industrial Trust by 171.9% during the third quarter. Natixis Advisors LLC now owns 239,232 shares of the real estate investment trust’s stock valued at $2,404,000 after acquiring an additional 151,253 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in LXP Industrial Trust by 5.8% in the second quarter. Victory Capital Management Inc. now owns 2,941,937 shares of the real estate investment trust’s stock valued at $26,830,000 after acquiring an additional 160,651 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI boosted their price target on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. One equities 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. According to MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and an average price target of $11.25.

LXP Industrial Trust Trading Down 0.9 %

NYSE:LXP opened at $9.14 on Monday. LXP Industrial Trust has a one year low of $8.23 and a one year high of $10.56. The business has a fifty day moving average price of $9.50 and a 200-day moving average price of $9.57. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 152.33 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick 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. Stockholders of record on Tuesday, December 31st will be paid a $0.135 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.54 annualized dividend and a dividend yield of 5.91%. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s dividend payout ratio (DPR) is 900.00%.

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.