AlphaMark Advisors LLC Has $277,000 Stock Holdings in LXP Industrial Trust (NYSE:LXP)

AlphaMark Advisors LLC grew its holdings in LXP Industrial Trust (NYSE:LXP) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,695 shares of the real estate investment trust’s stock after acquiring an additional 2,653 shares during the period. AlphaMark Advisors LLC’s holdings in LXP Industrial Trust were worth $277,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. CWM LLC boosted its position in shares of LXP Industrial Trust by 65.1% in the fourth 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 during the period. New York State Teachers Retirement System grew its position in LXP Industrial Trust by 0.3% in the 4th quarter. New York State Teachers Retirement System now owns 512,191 shares of the real estate investment trust’s stock worth $5,081,000 after purchasing an additional 1,594 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of 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 worth $319,000 after purchasing an additional 1,979 shares during the period. Metis Global Partners LLC raised its position in shares of LXP Industrial Trust by 12.5% during the fourth quarter. Metis Global Partners LLC now owns 19,311 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 2,149 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of LXP Industrial Trust by 14.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 18,279 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 2,353 shares during 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 $9.14 on Tuesday. The firm has a market capitalization of $2.69 billion, a PE ratio of 228.56 and a beta of 0.86. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. LXP Industrial Trust has a 12-month low of $7.75 and a 12-month high of $10.75. The firm has a 50-day moving average price of $8.72 and a 200 day moving average price of $9.00.

LXP Industrial Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.13 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.69%. LXP Industrial Trust’s payout ratio is presently 1,300.33%.

Insider Buying and Selling

In related news, Director Arun Gupta purchased 15,000 shares of the stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of $8.95 per share, for a total transaction of $134,250.00. Following the completion of the transaction, the director now directly owns 65,474 shares of the company’s stock, valued at approximately $585,992.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.