AlphaMark Advisors LLC Grows Stock Holdings in LXP Industrial Trust (NYSE:LXP)

AlphaMark Advisors LLC boosted its stake in LXP Industrial Trust (NYSE:LXP) by 18.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,316 shares of the real estate investment trust’s stock after acquiring an additional 5,621 shares during the period. AlphaMark Advisors LLC’s holdings in LXP Industrial Trust were worth $331,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Long Pond Capital LP increased its stake in shares of LXP Industrial Trust by 139.3% during the first quarter. Long Pond Capital LP now owns 7,447,513 shares of the real estate investment trust’s stock worth $67,177,000 after acquiring an additional 4,335,751 shares during the period. Norges Bank purchased a new position in shares of LXP Industrial Trust during the 4th quarter worth approximately $31,529,000. Waterfront Capital Partners LLC lifted its holdings in shares of LXP Industrial Trust by 105.0% in the 4th quarter. Waterfront Capital Partners LLC now owns 3,485,803 shares of the real estate investment trust’s stock valued at $34,579,000 after buying an additional 1,785,803 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of LXP Industrial Trust by 4,618.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,443,977 shares of the real estate investment trust’s stock valued at $14,324,000 after buying an additional 1,413,377 shares during the period. Finally, Hazelview Securities Inc. purchased a new stake in shares of LXP Industrial Trust in the first quarter valued at approximately $12,042,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Price Performance

Shares of NYSE LXP traded up $0.06 on Thursday, hitting $9.80. The company’s stock had a trading volume of 1,524,311 shares, compared to its average volume of 2,324,159. The stock has a 50 day moving average of $9.53 and a 200-day moving average of $9.05. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 245.00 and a beta of 0.86. LXP Industrial Trust has a 12-month low of $7.75 and a 12-month high of $10.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.27.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.13 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.31%. LXP Industrial Trust’s dividend payout ratio (DPR) is 1,300.00%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of LXP Industrial Trust from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, June 7th. StockNews.com downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Evercore ISI raised LXP Industrial Trust to a “hold” rating in a research note on Thursday, August 1st. Finally, BNP Paribas assumed coverage on LXP Industrial Trust in a report on Tuesday, June 4th. They set an “outperform” rating and a $11.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.33.

Insider Activity

In other news, Director Arun Gupta bought 15,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was purchased at an average cost of $8.95 per share, with a total value of $134,250.00. Following the purchase, the director now owns 65,474 shares of the company’s stock, valued at $585,992.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.17% of the company’s stock.

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.