Citigroup Inc. Reduces Stock Position in LXP Industrial Trust (NYSE:LXP)

Citigroup Inc. lessened its stake in shares of LXP Industrial Trust (NYSE:LXP – Get Rating) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,630 shares of the real estate investment trust’s stock after selling 15,440 shares during the quarter. Citigroup Inc. owned approximately 0.09% of LXP Industrial Trust worth $2,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in LXP Industrial Trust by 83.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,118 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,415 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in LXP Industrial Trust by 27.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 9,624 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 2,094 shares during the period. Advisor Group Holdings Inc. grew its holdings in 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 period. Engineers Gate Manager LP purchased a new stake in LXP Industrial Trust in the 3rd quarter valued at about $93,000. Finally, Wolverine Trading LLC purchased a new stake in LXP Industrial Trust in the 3rd quarter valued at about $94,000. Hedge funds and other institutional investors own 97.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on LXP. JMP Securities began coverage on LXP Industrial Trust in a report on Tuesday, April 18th. They issued a “market perform” rating for the company. StockNews.com assumed coverage on LXP Industrial Trust in a research note on Thursday, May 18th. They issued a “hold” rating on the stock.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $10.26 on Wednesday. The stock’s 50 day moving average price is $9.75 and its 200 day moving average price is $10.36. The firm has a market capitalization of $3.00 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 4.41 and a beta of 0.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.11 and a current ratio of 0.11. LXP Industrial Trust has a one year low of $8.81 and a one year high of $11.92.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.87%. The ex-dividend date was Thursday, March 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 131.58%.

LXP Industrial Trust Company Profile

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LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.