LXP Industrial Trust (NYSE:LXP) Position Boosted by Clearbridge Investments LLC

Clearbridge Investments LLC raised its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,360,868 shares of the real estate investment trust’s stock after acquiring an additional 27,812 shares during the quarter. Clearbridge Investments LLC owned approximately 0.46% of LXP Industrial Trust worth $12,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Inspire Investing LLC grew its stake in LXP Industrial Trust by 3.0% during the 1st quarter. Inspire Investing LLC now owns 39,750 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 1,147 shares in the last quarter. CWM LLC grew its stake in LXP Industrial Trust by 65.1% during the 4th quarter. CWM LLC now owns 3,298 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,300 shares in the last quarter. New York State Teachers Retirement System grew its stake in LXP Industrial Trust by 0.3% during the 4th quarter. New York State Teachers Retirement System now owns 512,191 shares of the real estate investment trust’s stock valued at $5,081,000 after acquiring an additional 1,594 shares in the last quarter. CIBC Asset Management Inc grew its stake in LXP Industrial Trust by 6.6% during the 4th quarter. CIBC Asset Management Inc now owns 32,110 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 1,979 shares in the last quarter. Finally, Metis Global Partners LLC grew its stake in LXP Industrial Trust by 12.5% during the 4th quarter. Metis Global Partners LLC now owns 19,311 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 2,149 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Insider Activity

In related news, Director Arun Gupta bought 15,000 shares of LXP Industrial Trust stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average cost of $8.95 per share, for a total transaction of $134,250.00. Following the acquisition, the director now owns 65,474 shares in the company, valued at $585,992.30. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.17% of the stock is owned by corporate insiders.

LXP Industrial Trust Stock Down 1.6 %

Shares of LXP Industrial Trust stock traded down $0.17 during trading on Wednesday, hitting $10.23. 2,824,112 shares of the stock traded hands, compared to its average volume of 2,343,570. The stock has a market cap of $3.01 billion, a P/E ratio of 259.81 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.75. The company has a fifty day moving average price of $9.08 and a two-hundred day moving average price of $8.99.

LXP Industrial Trust Announces Dividend

The company also recently declared 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 5.09%. LXP Industrial Trust’s dividend payout ratio is 1,300.33%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BNP Paribas assumed coverage on LXP Industrial Trust in a research note on Tuesday, June 4th. They set an “outperform” rating and a $11.00 target price on the stock. StockNews.com lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Finally, Jefferies Financial Group lifted their price target on LXP Industrial Trust from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, June 7th.

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.