AQR Capital Management LLC increased its holdings in shares of LXP Industrial Trust (NYSE:LXP – Free Report) by 81.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,156 shares of the real estate investment trust’s stock after purchasing an additional 20,681 shares during the quarter. AQR Capital Management LLC’s holdings in LXP Industrial Trust were worth $421,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. grew its stake in shares of LXP Industrial Trust by 1,596.2% during the 2nd quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 2,953 shares in the last quarter. CWM LLC increased its stake in LXP Industrial Trust by 52.4% in the 1st quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,728 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in LXP Industrial Trust in the 1st quarter valued at $61,000. Central Pacific Bank Trust Division bought a new stake in LXP Industrial Trust during the 1st quarter worth about $74,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of LXP Industrial Trust during the 2nd quarter worth about $92,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Evercore ISI increased their price objective on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.25.
LXP Industrial Trust Stock Performance
NYSE:LXP opened at $9.64 on Wednesday. The stock’s 50-day moving average is $9.97 and its 200-day moving average is $9.39. The stock has a market cap of $2.84 billion, a P/E ratio of 241.00 and a beta of 0.87. LXP Industrial Trust has a 1-year low of $7.75 and a 1-year high of $10.56. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21.
LXP Industrial Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.52 annualized dividend and a yield of 5.39%. LXP Industrial Trust’s payout ratio is 1,300.00%.
LXP Industrial Trust 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.
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