LXP Industrial Trust (NYSE:LXP) Hits New 52-Week Low at $9.55

LXP Industrial Trust (NYSE:LXPGet Rating) shares hit a new 52-week low on Tuesday . The stock traded as low as $9.55 and last traded at $9.56, with a volume of 7691 shares trading hands. The stock had previously closed at $9.82.

Analyst Ratings Changes

LXP has been the topic of several recent analyst reports. Evercore ISI set a $13.00 target price on shares of LXP Industrial Trust in a research note on Monday, June 20th. StockNews.com raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 18th. Finally, Jefferies Financial Group reduced their price target on shares of LXP Industrial Trust from $15.50 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.50.

LXP Industrial Trust Stock Up 0.9 %

The firm has a market capitalization of $2.75 billion, a P/E ratio of 9.03, a PEG ratio of 11.86 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. The business’s fifty day moving average price is $10.52 and its two-hundred day moving average price is $11.90.

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Thursday, September 29th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 44.04%.

Hedge Funds Weigh In On LXP Industrial Trust

A number of institutional investors have recently bought and sold shares of the business. Raymond James & Associates raised its position in LXP Industrial Trust by 1.9% during the 4th quarter. Raymond James & Associates now owns 38,733 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 715 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in LXP Industrial Trust by 7.2% in the fourth quarter. Evergreen Capital Management LLC now owns 11,858 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 801 shares in the last quarter. Arizona State Retirement System raised its position in shares of LXP Industrial Trust by 1.3% in the second quarter. Arizona State Retirement System now owns 77,412 shares of the real estate investment trust’s stock worth $831,000 after acquiring an additional 962 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of LXP Industrial Trust by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 39,600 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Cibc World Markets Corp boosted its stake in shares of LXP Industrial Trust by 0.8% during the 1st quarter. Cibc World Markets Corp now owns 142,532 shares of the real estate investment trust’s stock worth $2,238,000 after acquiring an additional 1,151 shares in the last quarter. 98.29% of the stock is owned by hedge funds and other institutional investors.

About LXP Industrial Trust

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Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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