LXP Industrial Trust (NYSE:LXP) Shares Bought by Caxton Associates LP

Caxton Associates LP boosted its position in shares of LXP Industrial Trust (NYSE:LXP) by 240.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,437 shares of the real estate investment trust’s stock after acquiring an additional 27,147 shares during the period. Caxton Associates LP’s holdings in LXP Industrial Trust were worth $351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of LXP Industrial Trust by 1,596.2% in the 2nd quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 2,953 shares in the last quarter. CWM LLC boosted its holdings in shares of LXP Industrial Trust by 52.4% in the 1st quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,728 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of LXP Industrial Trust in the 1st quarter valued at $61,000. Central Pacific Bank Trust Division acquired a new position in shares of LXP Industrial Trust in the 1st quarter valued at $74,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of LXP Industrial Trust in the 2nd quarter valued at $92,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Ratings Changes

LXP has been the subject of several research analyst reports. BNP Paribas initiated coverage on shares of LXP Industrial Trust in a report on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 target price for the company. Evercore ISI upped their target price on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, 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 report on Friday, June 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.25.

LXP Industrial Trust Stock Up 0.1 %

LXP stock opened at $10.16 on Friday. The company has a fifty day moving average price of $10.08 and a 200 day moving average price of $9.32. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.56. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 254.00 and a beta of 0.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.52 annualized dividend and a yield of 5.12%. LXP Industrial Trust’s dividend payout ratio (DPR) is 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.