Nisa Investment Advisors LLC trimmed its holdings in shares of LXP Industrial Trust (NYSE:LXP – Free Report) by 82.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,430 shares of the real estate investment trust’s stock after selling 35,916 shares during the quarter. Nisa Investment Advisors LLC’s holdings in LXP Industrial Trust were worth $375,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of LXP. AE Wealth Management LLC increased its holdings in LXP Industrial Trust by 8.1% during the 3rd quarter. AE Wealth Management LLC now owns 290,568 shares of the real estate investment trust’s stock worth $2,603,000 after purchasing an additional 21,826 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of LXP Industrial Trust by 144.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,008,049 shares of the real estate investment trust’s stock valued at $9,032,000 after buying an additional 596,457 shares during the last quarter. AlphaQuest LLC grew its position in shares of LXP Industrial Trust by 109.6% during the third quarter. AlphaQuest LLC now owns 232,907 shares of the real estate investment trust’s stock worth $2,087,000 after buying an additional 121,790 shares in the last quarter. Aew Capital Management L P grew its position in shares of LXP Industrial Trust by 61.1% during the third quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock worth $81,856,000 after buying an additional 3,465,123 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of LXP Industrial Trust in the third quarter worth $227,000. Institutional investors and hedge funds own 93.52% of the company’s stock.
LXP Industrial Trust Stock Performance
LXP stock opened at $46.03 on Monday. The stock’s 50 day simple moving average is $48.36 and its 200 day simple moving average is $47.97. LXP Industrial Trust has a 12-month low of $34.25 and a 12-month high of $52.52. The firm has a market cap of $2.72 billion, a P/E ratio of 25.43 and a beta of 1.09. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18.
LXP Industrial Trust Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio is currently 154.70%.
Analysts Set New Price Targets
Several analysts recently issued reports on LXP shares. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Wall Street Zen raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Sunday. Evercore set a $51.00 target price on shares of LXP Industrial Trust in a research note on Friday, February 13th. JPMorgan Chase & Co. reduced their price target on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Finally, Weiss Ratings downgraded LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.50.
LXP Industrial Trust Profile
LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.
The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.
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