Perpetual Ltd Has $853,000 Stock Position in LXP Industrial Trust (NYSE:LXP)

Perpetual Ltd boosted its stake in shares of LXP Industrial Trust (NYSE:LXP) by 112.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,030 shares of the real estate investment trust’s stock after purchasing an additional 55,630 shares during the quarter. Perpetual Ltd’s holdings in LXP Industrial Trust were worth $853,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of LXP Industrial Trust by 340.6% during the third 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. Millennium Management LLC raised its holdings in LXP Industrial Trust by 173.9% in the 2nd quarter. Millennium Management LLC now owns 1,861,986 shares of the real estate investment trust’s stock valued at $16,981,000 after acquiring an additional 1,182,258 shares in the last quarter. Marshall Wace LLP raised its holdings in LXP Industrial Trust by 106.5% in the 2nd quarter. Marshall Wace LLP now owns 1,047,245 shares of the real estate investment trust’s stock valued at $9,551,000 after acquiring an additional 540,045 shares in the last quarter. Lighthouse Investment Partners LLC lifted its position in shares of LXP Industrial Trust by 59.6% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 1,205,000 shares of the real estate investment trust’s stock worth $10,990,000 after acquiring an additional 450,000 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of 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 purchasing an additional 395,798 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $8.35 on Thursday. 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 firm has a 50-day moving average price of $8.68 and a 200 day moving average price of $9.46. The firm has a market capitalization of $2.46 billion, a PE 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 business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 6.47%. The ex-dividend date was Tuesday, December 31st. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s dividend payout ratio (DPR) is 900.15%.

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.