LXP Industrial Trust (NYSE:LXP) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its position in shares of LXP Industrial Trust (NYSE:LXP) by 16.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,621 shares of the real estate investment trust’s stock after purchasing an additional 13,301 shares during the period. Orion Portfolio Solutions LLC’s holdings in LXP Industrial Trust were worth $961,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd purchased a new position in LXP Industrial Trust during the 3rd quarter worth approximately $473,000. Jane Street Group LLC grew its position in shares of LXP Industrial Trust by 101.3% during the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust’s stock worth $5,492,000 after acquiring an additional 274,933 shares during the last quarter. Wellington Management Group LLP grew its position in shares of LXP Industrial Trust by 3.9% during the third quarter. Wellington Management Group LLP now owns 2,650,679 shares of the real estate investment trust’s stock worth $26,639,000 after acquiring an additional 98,437 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of LXP Industrial Trust in the 3rd quarter valued at $760,000. Finally, Systematic Financial Management LP raised its position in LXP Industrial Trust by 14.3% in the 3rd quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock valued at $26,869,000 after purchasing an additional 334,029 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Down 0.2 %

LXP opened at $9.04 on Monday. The business has a 50 day moving average price of $9.43 and a two-hundred day moving average price of $9.59. LXP Industrial Trust has a 52 week low of $8.23 and a 52 week high of $10.56. The company has a market cap of $2.66 billion, a PE ratio of 150.67 and a beta of 0.86. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.135 per share. The ex-dividend date is Tuesday, December 31st. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 5.97%. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 900.00%.

Wall Street Analyst Weigh In

Separately, Evercore ISI raised 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 report on Monday, September 16th.

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.