Vert Asset Management LLC Acquires 9,922 Shares of LXP Industrial Trust (NYSE:LXP)

Vert Asset Management LLC lifted its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 8.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 130,062 shares of the real estate investment trust’s stock after acquiring an additional 9,922 shares during the period. Vert Asset Management LLC’s holdings in LXP Industrial Trust were worth $1,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. KBC Group NV grew its holdings in LXP Industrial Trust by 30.6% during the 4th quarter. KBC Group NV now owns 13,283 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 3,113 shares during the period. Blue Trust Inc. grew its stake in shares of LXP Industrial Trust by 22.8% during the fourth quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,798 shares during the period. Inspire Investing LLC increased its holdings in LXP Industrial Trust by 20.8% in the fourth quarter. Inspire Investing LLC now owns 49,449 shares of the real estate investment trust’s stock valued at $402,000 after purchasing an additional 8,513 shares during the last quarter. Magnus Financial Group LLC lifted its stake in LXP Industrial Trust by 2.9% in the fourth quarter. Magnus Financial Group LLC now owns 105,441 shares of the real estate investment trust’s stock valued at $856,000 after buying an additional 3,005 shares during the period. Finally, Dakota Wealth Management acquired a new position in LXP Industrial Trust in the fourth quarter valued at about $160,000. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Performance

Shares of LXP Industrial Trust stock opened at $8.62 on Tuesday. The stock’s fifty day simple moving average is $8.63 and its 200 day simple moving average is $9.44. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.54 billion, a PE ratio of 143.61 and a beta of 0.89. LXP Industrial Trust has a 12 month low of $7.65 and a 12 month high of $10.56.

LXP Industrial Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.135 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 6.27%. LXP Industrial Trust’s payout ratio is currently 900.15%.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.33.

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.