Paloma Partners Management Co Buys Shares of 10,601 LXP Industrial Trust (NYSE:LXP)

Paloma Partners Management Co bought a new stake in shares of LXP Industrial Trust (NYSE:LXP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,601 shares of the real estate investment trust’s stock, valued at approximately $96,000.

Several other institutional investors have also recently made changes to their positions in LXP. Raymond James Financial Services Advisors Inc. purchased a new stake in LXP Industrial Trust during the 4th quarter valued at approximately $112,000. Manning & Napier Group LLC lifted its position in shares of LXP Industrial Trust by 30.3% during the fourth quarter. Manning & Napier Group LLC now owns 774,188 shares of the real estate investment trust’s stock worth $7,680,000 after purchasing an additional 180,204 shares during the last quarter. AlphaMark Advisors LLC lifted its position in shares of LXP Industrial Trust by 8.4% during the fourth quarter. AlphaMark Advisors LLC now owns 28,042 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 2,177 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of LXP Industrial Trust during the fourth quarter worth $124,000. Finally, Asset Management One Co. Ltd. increased its position in LXP Industrial Trust by 13.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 851,175 shares of the real estate investment trust’s stock valued at $8,571,000 after purchasing an additional 98,261 shares during the period. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

NYSE LXP remained flat at $10.33 during trading hours on Tuesday. 554,913 shares of the company’s stock were exchanged, compared to its average volume of 2,324,985. The firm has a fifty day moving average price of $9.20 and a 200-day moving average price of $9.01. LXP Industrial Trust has a 52 week low of $7.75 and a 52 week high of $10.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $3.04 billion, a PE ratio of 258.31 and a beta of 0.86.

LXP Industrial Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.52 annualized dividend and a yield of 5.03%. LXP Industrial Trust’s dividend payout ratio (DPR) is 1,300.33%.

Insider Activity at LXP Industrial Trust

In related news, Director Arun Gupta purchased 15,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were bought at an average cost of $8.95 per share, for a total transaction of $134,250.00. Following the completion of the purchase, the director now directly owns 65,474 shares of the company’s stock, valued at approximately $585,992.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LXP has been the topic of a number of research reports. BNP Paribas initiated coverage on shares of LXP Industrial Trust in a research report on Tuesday, June 4th. They set an “outperform” rating and a $11.00 target price on the stock. Jefferies Financial Group boosted their target price on shares of LXP Industrial Trust from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, StockNews.com cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd.

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.