LXP Industrial Trust (NYSE:LXP) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP boosted its holdings in LXP Industrial Trust (NYSE:LXP) by 106.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,047,245 shares of the real estate investment trust’s stock after acquiring an additional 540,045 shares during the period. Marshall Wace LLP owned about 0.36% of LXP Industrial Trust worth $9,551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LXP. Blue Trust Inc. lifted its holdings in shares of LXP Industrial Trust by 1,596.2% in the 2nd quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 2,953 shares during the last quarter. CWM LLC boosted its holdings in shares of LXP Industrial Trust by 52.4% during the first quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,728 shares during the period. SageView Advisory Group LLC acquired a new position in shares of LXP Industrial Trust during the first quarter valued at $61,000. Central Pacific Bank Trust Division bought a new position in shares of LXP Industrial Trust during the first quarter worth about $74,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of LXP Industrial Trust in the 2nd quarter worth about $92,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Trading Up 0.1 %

Shares of NYSE:LXP opened at $10.16 on Monday. The company has a 50 day moving average of $10.08 and a 200-day moving average of $9.33. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.99 billion, a P/E ratio of 254.00 and a beta of 0.87. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.56.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.52 annualized dividend and a dividend yield of 5.12%. LXP Industrial Trust’s dividend payout ratio (DPR) is 1,300.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on LXP shares. BNP Paribas assumed coverage on shares of LXP Industrial Trust in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 target price for the company. Jefferies Financial Group increased their price objective on LXP Industrial Trust from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Evercore ISI lifted their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, LXP Industrial Trust currently has an average rating of “Hold” and an average price target of $11.25.

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.