Pictet Asset Management SA Purchases 5,301 Shares of LXP Industrial Trust (NYSE:LXP)

Pictet Asset Management SA increased its position in shares of LXP Industrial Trust (NYSE:LXPGet Rating) by 4.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,152 shares of the real estate investment trust’s stock after acquiring an additional 5,301 shares during the period. Pictet Asset Management SA’s holdings in LXP Industrial Trust were worth $1,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LXP. Arizona State Retirement System grew its position in LXP Industrial Trust by 2.3% during the 1st quarter. Arizona State Retirement System now owns 76,450 shares of the real estate investment trust’s stock worth $1,200,000 after acquiring an additional 1,716 shares during the last quarter. abrdn plc grew its position in shares of LXP Industrial Trust by 2.1% in the 1st quarter. abrdn plc now owns 62,012 shares of the real estate investment trust’s stock valued at $979,000 after buying an additional 1,264 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of LXP Industrial Trust by 4.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 100,458 shares of the real estate investment trust’s stock valued at $1,577,000 after buying an additional 4,280 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of LXP Industrial Trust by 0.3% in the 1st quarter. Victory Capital Management Inc. now owns 2,488,500 shares of the real estate investment trust’s stock valued at $38,409,000 after buying an additional 8,147 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its position in shares of LXP Industrial Trust by 81.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,880 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 4,423 shares during the last quarter. Institutional investors own 98.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on LXP Industrial Trust in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

LXP Industrial Trust Trading Up 0.6 %

NYSE LXP opened at $10.32 on Wednesday. The firm has a market capitalization of $2.85 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 15.58 and a beta of 0.74. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $9.65 and its two-hundred day moving average price is $10.40. LXP Industrial Trust has a 12 month low of $8.81 and a 12 month high of $16.10.

LXP Industrial Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.84%. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, December 29th. LXP Industrial Trust’s payout ratio is currently 41.74%.

About LXP Industrial Trust

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for LXP Industrial Trust (NYSE:LXP)

Receive News & Ratings for LXP Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LXP Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.