2 weeks Ago By ABMN Staff
Quest Partners LLC lifted its holdings in LXP Industrial Trust ( NYSE:LXP – Free Report ) by 8,053.5% in the 2nd quarter, Holdings Channel reports. The firm owned 11,741 shares of the real estate investment trust’s stock after acquiring an additional 11,597 shares during the period.
Quest Partners LLC’s holdings in LXP Industrial Trust were worth $107,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently modified their holdings of LXP. Long Pond Capital LP increased its holdings in LXP Industrial Trust by 139.
3% in the 1st quarter. Long Pond Capital LP now owns 7,447,513 shares of the real estate investment trust’s stock worth $67,177,000 after buying an additional 4,335,751 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LXP Industrial Trust by 0.
5% during 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 purchasing an additional 22,001 shares during the last quarter. Norges Bank bought a new position in LXP Industrial Trust during the fourth quarter valued at approximately $31,529,000.
Bank of New York Mellon Corp boosted its holdings in LXP Industrial Trust by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 3,102,610 shares of the real estate investment trust’s stock worth $28,296,000 after purchasing an additional 65,202 shares during the last quarter.
Finally, Victory Capital Management Inc. grew its position in LXP Industrial Trust by 5.8% in the 2nd quarter.
Victory Capital Management Inc. now owns 2,941,937 shares of the real estate investment trust’s stock worth $26,830,000 after purchasing an additional 160,651 shares during the period. 93.
52% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on LXP Industrial Trust from $11.
00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. BNP Paribas initiated coverage on LXP Industrial Trust in a research note on Tuesday, June 4th.
They set an “outperform” rating and a $11.00 price target for the company. Finally, Evercore ISI increased their price objective on shares of LXP Industrial Trust from $10.
00 to $11.00 and gave the stock an “in-line” rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, LXP Industrial Trust has a consensus rating of “Hold” and a consensus price target of $11.25.
LXP Industrial Trust Price Performance Shares of LXP Industrial Trust stock opened at $10.22 on Tuesday. The stock’s fifty day moving average is $10.
02 and its 200 day moving average is $9.25. LXP Industrial Trust has a one year low of $7.
75 and a one year high of $10.56. The company has a debt-to-equity ratio of 0.
21, a quick ratio of 0.11 and a current ratio of 0.11.
The stock has a market cap of $3.01 billion, a P/E ratio of 255.50 and a beta of 0.
87. LXP Industrial Trust Dividend Announcement The business 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 is Monday, September 30th. This represents a $0.
52 dividend on an annualized basis and a dividend yield of 5.09%. LXP Industrial Trust’s payout ratio is currently 1,300.
00%. LXP Industrial Trust Company Profile ( 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.
See Also Want to see what other hedge funds are holding LXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LXP Industrial Trust ( NYSE:LXP – Free Report ). Receive News & Ratings for LXP Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LXP Industrial Trust and related companies with MarketBeat.
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