LXP Industrial Trust (NYSE:LXP) Position Lowered by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its position in LXP Industrial Trust (NYSE:LXP) by 1.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 984,815 shares of the real estate investment trust’s stock after selling 14,672 shares during the period. Glenmede Trust Co. NA’s holdings in LXP Industrial Trust were worth $9,897,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of LXP Industrial Trust by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 167,144 shares of the real estate investment trust’s stock valued at $1,508,000 after acquiring an additional 10,594 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of 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 buying an additional 114,269 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of LXP Industrial Trust in the 2nd quarter valued at about $92,000. Diversified Trust Co grew its position 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 valued at $336,000 after buying an additional 24,492 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its stake in LXP Industrial Trust by 18.3% during the second 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 during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI lifted their target price 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 research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.25.

LXP Industrial Trust Stock Down 0.7 %

LXP stock opened at $9.36 on Friday. The stock has a market cap of $2.76 billion, a PE ratio of 155.92 and a beta of 0.88. The firm’s 50-day simple moving average is $9.59 and its 200 day simple moving average is $9.55. LXP Industrial Trust has a fifty-two week low of $8.23 and a fifty-two week high of $10.56. 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s payout ratio is 900.00%.

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.