Public Employees Retirement Association of Colorado Cuts Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Public Employees Retirement Association of Colorado trimmed its stake in LXP Industrial Trust (NYSE:LXP) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,430,697 shares of the real estate investment trust’s stock after selling 13,280 shares during the period. Public Employees Retirement Association of Colorado owned 0.49% of LXP Industrial Trust worth $12,905,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LXP. Long Pond Capital LP raised its position in shares of LXP Industrial Trust by 139.3% in the 1st quarter. Long Pond Capital LP now owns 7,447,513 shares of the real estate investment trust’s stock valued at $67,177,000 after purchasing an additional 4,335,751 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of LXP Industrial Trust by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,803,218 shares of the real estate investment trust’s stock worth $47,648,000 after buying an additional 199,736 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of LXP Industrial Trust by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,140,607 shares of the real estate investment trust’s stock worth $41,075,000 after buying an additional 22,956 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of LXP Industrial Trust by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,114,469 shares of the real estate investment trust’s stock valued at $40,816,000 after buying an additional 22,001 shares during the last quarter. Finally, Waterfront Capital Partners LLC increased its position in shares of LXP Industrial Trust by 105.0% in the 4th quarter. Waterfront Capital Partners LLC now owns 3,485,803 shares of the real estate investment trust’s stock valued at $34,579,000 after acquiring an additional 1,785,803 shares during the period. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Performance

NYSE LXP opened at $10.33 on Tuesday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 258.31 and a beta of 0.86. The stock has a 50-day simple moving average of $9.20 and a two-hundred day simple moving average of $9.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. LXP Industrial Trust has a fifty-two week low of $7.75 and a fifty-two week high of $10.49.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.03%. The ex-dividend date was Friday, June 28th. LXP Industrial Trust’s dividend payout ratio is currently 1,300.33%.

Insider Buying and Selling at LXP Industrial Trust

In other news, Director Arun Gupta acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average price of $8.95 per share, with a total value of $134,250.00. Following the purchase, the director now directly owns 65,474 shares of the company’s stock, valued at $585,992.30. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Jefferies Financial Group boosted their price target on LXP Industrial Trust from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, June 7th. 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 price target on the stock. Finally, StockNews.com lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd.

LXP Industrial Trust 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.