Lighthouse Investment Partners LLC Has $7.44 Million Holdings in LXP Industrial Trust (NYSE:LXP)

Lighthouse Investment Partners LLC cut its stake in LXP Industrial Trust (NYSE:LXP) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 750,000 shares of the real estate investment trust’s stock after selling 750,000 shares during the period. Lighthouse Investment Partners LLC owned approximately 0.26% of LXP Industrial Trust worth $7,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waterfront Capital Partners LLC lifted its position in LXP Industrial Trust by 105.0% during the 4th quarter. Waterfront Capital Partners LLC now owns 3,485,803 shares of the real estate investment trust’s stock worth $34,579,000 after buying an additional 1,785,803 shares in the last quarter. Cutler Capital Management LLC lifted its position in LXP Industrial Trust by 2.8% during the 4th quarter. Cutler Capital Management LLC now owns 261,642 shares of the real estate investment trust’s stock worth $2,595,000 after buying an additional 7,185 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in LXP Industrial Trust during the 4th quarter worth about $1,188,000. Cibc World Markets Corp bought a new stake in LXP Industrial Trust during the 4th quarter worth about $976,000. Finally, Public Employees Retirement Association of Colorado lifted its position in LXP Industrial Trust by 4,618.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,443,977 shares of the real estate investment trust’s stock worth $14,324,000 after buying an additional 1,413,377 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. 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. Finally, BNP Paribas started 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 on the stock.

LXP Industrial Trust Stock Performance

LXP stock traded down $0.02 during mid-day trading on Friday, hitting $8.68. 2,579,862 shares of the company were exchanged, compared to its average volume of 1,800,732. The business has a 50 day simple moving average of $8.70 and a 200-day simple moving average of $9.00. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.55 billion, a PE ratio of 217.05 and a beta of 0.85. LXP Industrial Trust has a 1-year low of $7.75 and a 1-year high of $10.75.

LXP Industrial Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.52 annualized dividend and a yield of 5.99%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 1,300.33%.

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.