Citigroup Inc. Has $3.94 Million Stock Position in LXP Industrial Trust (NYSE:LXP)

Citigroup Inc. grew its position in LXP Industrial Trust (NYSE:LXP) by 5.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 391,995 shares of the real estate investment trust’s stock after acquiring an additional 20,753 shares during the quarter. Citigroup Inc.’s holdings in LXP Industrial Trust were worth $3,940,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LXP. Price T Rowe Associates Inc. MD increased its position in LXP Industrial Trust by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 167,144 shares of the real estate investment trust’s stock worth $1,508,000 after purchasing an additional 10,594 shares during the last quarter. SG Americas Securities LLC increased its position in LXP Industrial Trust by 294.3% in the 2nd quarter. SG Americas Securities LLC now owns 153,093 shares of the real estate investment trust’s stock worth $1,396,000 after purchasing an additional 114,269 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of LXP Industrial Trust during the 2nd quarter worth about $92,000. Diversified Trust Co boosted its stake in shares of LXP Industrial Trust by 199.1% during the 2nd quarter. Diversified Trust Co now owns 36,792 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 24,492 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of LXP Industrial Trust by 18.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 36,316 shares of the real estate investment trust’s stock worth $331,000 after acquiring an additional 5,621 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

Shares of NYSE:LXP opened at $9.28 on Wednesday. The business has a 50 day moving average price of $9.55 and a 200 day moving average price of $9.56. LXP Industrial Trust has a twelve month low of $8.23 and a twelve month high of $10.56. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 154.69 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.135 per share. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, December 31st. This represents a $0.54 annualized dividend and a yield of 5.82%. LXP Industrial Trust’s dividend payout ratio is presently 866.81%.

Analyst Ratings Changes

Separately, Evercore ISI upped their price target on LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.25.

About LXP Industrial Trust

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.