Allspring Global Investments Holdings LLC Has $185,000 Stake in LXP Industrial Trust (NYSE:LXP)

Allspring Global Investments Holdings LLC reduced its holdings in LXP Industrial Trust (NYSE:LXP) by 15.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,519 shares of the real estate investment trust’s stock after selling 3,853 shares during the period. Allspring Global Investments Holdings LLC’s holdings in LXP Industrial Trust were worth $185,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in shares of LXP Industrial Trust by 869.1% in the 4th quarter. International Assets Investment Management LLC now owns 177,042 shares of the real estate investment trust’s stock worth $17,847,000 after purchasing an additional 158,774 shares during the last quarter. Norges Bank bought a new position in LXP Industrial Trust during the fourth quarter worth about $31,529,000. Public Employees Retirement Association of Colorado increased its stake 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 acquiring an additional 1,413,377 shares during the last quarter. Aew Capital Management L P acquired a new stake in shares of LXP Industrial Trust in the 4th quarter valued at approximately $4,643,000. Finally, Cibc World Markets Corp bought a new position in LXP Industrial Trust during the 4th quarter worth approximately $976,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

Shares of LXP opened at $9.76 on Friday. The firm has a market cap of $2.87 billion, a P/E ratio of 244.06 and a beta of 0.86. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The firm’s 50 day moving average price is $8.86 and its two-hundred day moving average price is $8.99.

LXP Industrial Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.52 annualized dividend and a yield of 5.33%. LXP Industrial Trust’s dividend payout ratio is currently 1,300.33%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LXP shares. Jefferies Financial Group upped their target price 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 LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Finally, BNP Paribas started coverage on LXP Industrial Trust in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 target price for the company.

Insider Buying and Selling

In other news, Director Arun Gupta purchased 15,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were purchased at an average price of $8.95 per share, with a total value of $134,250.00. Following the purchase, the director now directly owns 65,474 shares of the company’s stock, valued at approximately $585,992.30. The transaction was disclosed in a document filed with the SEC, 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.