GAMMA Investing LLC Grows Holdings in LXP Industrial Trust (NYSE:LXP)

GAMMA Investing LLC raised its position in LXP Industrial Trust (NYSE:LXP) by 81.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,421 shares of the real estate investment trust’s stock after buying an additional 1,532 shares during the period. GAMMA Investing LLC’s holdings in LXP Industrial Trust were worth $34,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of LXP. Long Pond Capital LP raised its stake in shares of LXP Industrial Trust by 139.3% during the 1st quarter. Long Pond Capital LP now owns 7,447,513 shares of the real estate investment trust’s stock worth $67,177,000 after purchasing an additional 4,335,751 shares during the period. William Blair Investment Management LLC bought a new stake in LXP Industrial Trust in the second quarter worth about $36,683,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in LXP Industrial Trust by 624.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,396,610 shares of the real estate investment trust’s stock valued at $21,857,000 after acquiring an additional 2,065,667 shares during the last quarter. Hazelview Securities Inc. bought a new position in shares of LXP Industrial Trust during the 1st quarter valued at approximately $12,042,000. Finally, Millennium Management LLC increased its stake in shares of LXP Industrial Trust by 173.9% during the 2nd quarter. Millennium Management LLC now owns 1,861,986 shares of the real estate investment trust’s stock worth $16,981,000 after purchasing an additional 1,182,258 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI upped their price objective on LXP Industrial Trust from $10.00 to $11.00 and gave the company 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 given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and an average target price of $11.25.

LXP Industrial Trust Trading Down 0.3 %

Shares of LXP Industrial Trust stock opened at $9.80 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $2.88 billion, a P/E ratio of 245.00 and a beta of 0.87. LXP Industrial Trust has a 52-week low of $7.75 and a 52-week high of $10.56. The stock’s 50-day simple moving average is $9.98 and its 200 day simple moving average is $9.40.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Monday, September 30th. LXP Industrial Trust’s payout ratio is currently 1,300.00%.

LXP Industrial Trust Company 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.