Louisiana State Employees Retirement System Acquires 3,200 Shares of LXP Industrial Trust (NYSE:LXP)

Louisiana State Employees Retirement System grew its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 148,100 shares of the real estate investment trust’s stock after acquiring an additional 3,200 shares during the period. Louisiana State Employees Retirement System owned about 0.05% of LXP Industrial Trust worth $1,351,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LXP. Long Pond Capital LP increased its holdings in LXP Industrial Trust by 139.3% in the first quarter. Long Pond Capital LP now owns 7,447,513 shares of the real estate investment trust’s stock valued at $67,177,000 after purchasing an additional 4,335,751 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of LXP Industrial Trust by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,803,218 shares of the real estate investment trust’s stock worth $47,648,000 after acquiring an additional 199,736 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of LXP Industrial Trust by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,140,607 shares of the real estate investment trust’s stock worth $41,075,000 after acquiring an additional 22,956 shares during the period. Dimensional Fund Advisors LP boosted its holdings in LXP Industrial Trust by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,114,469 shares of the real estate investment trust’s stock valued at $40,816,000 after acquiring an additional 22,001 shares during the last quarter. Finally, Waterfront Capital Partners LLC increased its position in LXP Industrial Trust by 105.0% during the 4th quarter. Waterfront Capital Partners LLC now owns 3,485,803 shares of the real estate investment trust’s stock valued at $34,579,000 after purchasing an additional 1,785,803 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Transactions at LXP Industrial Trust

In other LXP Industrial Trust news, Director Arun Gupta purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was acquired at an average price of $8.95 per share, for a total transaction of $134,250.00. Following the purchase, the director now owns 65,474 shares of the company’s stock, valued at approximately $585,992.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.17% of the stock is owned by insiders.

LXP Industrial Trust Price Performance

Shares of NYSE LXP opened at $10.25 on Monday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 256.25 and a beta of 0.86. The firm’s 50-day moving average price is $9.67 and its 200-day moving average price is $9.09. The company has a current ratio of 0.11, a quick ratio of 0.27 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 1-year low of $7.75 and a 1-year high of $10.56.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.52 annualized dividend and a dividend yield of 5.07%. LXP Industrial Trust’s dividend payout ratio is 1,300.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of LXP Industrial Trust from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Evercore ISI upgraded LXP Industrial Trust to a “hold” rating in a report on Thursday, August 1st. BNP Paribas initiated coverage on LXP Industrial Trust in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 price objective on the stock. Finally, StockNews.com lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.33.

LXP Industrial Trust Company Profile

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.