Public Employees Retirement System of Ohio bought a new position in LXP Industrial Trust (NYSE:LXP – Free Report) in the second quarter, Holdings Channel.com reports. The firm bought 105,607 shares of the real estate investment trust’s stock, valued at approximately $5,690,000.
A number of other institutional investors and hedge funds have also bought and sold shares of LXP. Balyasny Asset Management L.P. increased its position in LXP Industrial Trust by 269.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock valued at $53,131,000 after acquiring an additional 4,688,972 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in LXP Industrial Trust by 468.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust’s stock valued at $18,435,000 after buying an additional 1,695,558 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in LXP Industrial Trust by 359.3% in the second quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust’s stock valued at $15,849,000 after acquiring an additional 1,501,010 shares during the period. Norges Bank acquired a new stake in LXP Industrial Trust in the 4th quarter valued at $59,953,000. Finally, Jane Street Group LLC increased its position in shares of LXP Industrial Trust by 6,092.1% during the first quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock worth $8,201,000 after acquiring an additional 932,822 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.
LXP Industrial Trust Stock Performance
NYSE LXP opened at $60.77 on Thursday. The stock has a market capitalization of $3.58 billion, a PE ratio of 60.77 and a beta of 1.02. LXP Industrial Trust has a 1 year low of $43.97 and a 1 year high of $61.61. The company’s 50 day simple moving average is $58.98 and its two-hundred day simple moving average is $53.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10.
LXP Industrial Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. LXP Industrial Trust’s dividend payout ratio is presently 280.00%.
Analysts Set New Price Targets
LXP has been the topic of several analyst reports. Evercore set a $54.00 target price on LXP Industrial Trust in a research report on Monday, June 8th. BMO Capital Markets assumed coverage on LXP Industrial Trust in a research note on Thursday, July 9th. They set an “outperform” rating and a $65.00 price objective on the stock. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Citizens Jmp downgraded LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, KeyCorp reissued a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.40.
Read Our Latest Report on LXP Industrial Trust
About LXP Industrial Trust
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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