Great West Life Assurance Co. Can Acquires 71,014 Shares of LXP Industrial Trust (NYSE:LXP)

Great West Life Assurance Co. Can raised its position in LXP Industrial Trust (NYSE:LXPGet Rating) by 13.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 587,742 shares of the real estate investment trust’s stock after acquiring an additional 71,014 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.21% of LXP Industrial Trust worth $5,383,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in LXP Industrial Trust by 198.6% in the second quarter. Fifth Third Bancorp now owns 2,293 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,525 shares during the period. Total Clarity Wealth Management Inc. bought a new position in LXP Industrial Trust in the second quarter valued at about $58,000. EverSource Wealth Advisors LLC lifted its holdings in LXP Industrial Trust by 336.5% in the second quarter. EverSource Wealth Advisors LLC now owns 7,530 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 5,805 shares during the period. Harvest Fund Management Co. Ltd bought a new position in LXP Industrial Trust in the second quarter valued at about $89,000. Finally, Sage Rhino Capital LLC bought a new position in LXP Industrial Trust in the second quarter valued at about $124,000. Institutional investors own 97.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on LXP shares. StockNews.com started coverage on LXP Industrial Trust in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet cut LXP Industrial Trust from a “b-” rating to a “c” rating in a research report on Friday, December 30th.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $11.23 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.26. LXP Industrial Trust has a 12-month low of $8.81 and a 12-month high of $16.10. The stock has a 50-day moving average price of $10.52 and a 200 day moving average price of $10.26. The stock has a market capitalization of $3.10 billion, a P/E ratio of 9.77, a P/E/G ratio of 16.06 and a beta of 0.76.

LXP Industrial Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, December 29th. This represents a $0.50 annualized dividend and a dividend yield of 4.45%. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.12. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 43.48%.

LXP Industrial Trust Profile

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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.

Further Reading

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

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