Central Pacific Bank Trust Division Purchases New Position in LXP Industrial Trust (NYSE:LXP)

Central Pacific Bank Trust Division purchased a new stake in LXP Industrial Trust (NYSE:LXPFree Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,324 shares of the real estate investment trust’s stock, valued at approximately $74,000.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of LXP Industrial Trust by 869.1% in the 4th quarter. International Assets Investment Management LLC now owns 177,042 shares of the real estate investment trust’s stock worth $17,847,000 after acquiring an additional 158,774 shares in the last quarter. Norges Bank bought a new stake in shares of LXP Industrial Trust during the fourth quarter worth $31,529,000. Public Employees Retirement Association of Colorado increased its stake in shares of LXP Industrial Trust by 4,618.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,443,977 shares of the real estate investment trust’s stock valued at $14,324,000 after buying an additional 1,413,377 shares in the last quarter. Aew Capital Management L P bought a new position in shares of LXP Industrial Trust in the fourth quarter valued at about $4,643,000. Finally, Cibc World Markets Corp acquired a new position in LXP Industrial Trust during the 4th quarter worth about $976,000. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Trading Up 2.5 %

NYSE LXP opened at $9.46 on Thursday. The company has a market capitalization of $2.78 billion, a PE ratio of 236.56 and a beta of 0.86. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.75. The stock has a 50-day simple moving average of $8.84 and a 200 day simple moving average of $8.99. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

LXP Industrial Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.50%. The ex-dividend date is Friday, June 28th. LXP Industrial Trust’s payout ratio is presently 1,300.33%.

Insider Buying and Selling at LXP Industrial Trust

In other news, Director Arun Gupta purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $8.95 per share, with a total value of $134,250.00. Following the acquisition, the director now directly owns 65,474 shares of the company’s stock, valued at $585,992.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. BNP Paribas started coverage on LXP Industrial Trust in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 price objective on the stock. Finally, Jefferies Financial Group upped their price target on LXP Industrial Trust from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, June 7th.

View Our Latest Report on LXP Industrial Trust

About LXP Industrial Trust

(Free Report)

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.

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

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