Van Lanschot Kempen Investment Management N.V. Has $2.69 Million Stake in LXP Industrial Trust (NYSE:LXP)

Van Lanschot Kempen Investment Management N.V. decreased its position in LXP Industrial Trust (NYSE:LXP) by 75.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 294,543 shares of the real estate investment trust’s stock after selling 888,004 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.10% of LXP Industrial Trust worth $2,686,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC raised its stake in shares of LXP Industrial Trust by 3.0% in the 1st quarter. Inspire Investing LLC now owns 39,750 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 1,147 shares during the period. CWM LLC raised its stake in shares of LXP Industrial Trust by 65.1% in the 4th quarter. CWM LLC now owns 3,298 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,300 shares during the period. CIBC Asset Management Inc raised its stake in shares of LXP Industrial Trust by 6.6% in the 4th quarter. CIBC Asset Management Inc now owns 32,110 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 1,979 shares during the period. Metis Global Partners LLC raised its stake in shares of LXP Industrial Trust by 12.5% in the 4th quarter. Metis Global Partners LLC now owns 19,311 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 2,149 shares during the period. Finally, Dakota Wealth Management raised its stake in shares of LXP Industrial Trust by 21.5% in the 2nd quarter. Dakota Wealth Management now owns 12,315 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 2,177 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Insider Buying and Selling

In other LXP Industrial Trust news, Director Arun Gupta purchased 15,000 shares of LXP Industrial Trust stock in a transaction that occurred on Wednesday, June 12th. The stock was acquired at an average price of $8.95 per share, for a total transaction of $134,250.00. Following the completion of the acquisition, the director now owns 65,474 shares of the company’s stock, valued at approximately $585,992.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LXP. BNP Paribas began coverage on LXP Industrial Trust in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 target price on the stock. Jefferies Financial Group lifted their target price on LXP Industrial Trust from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, June 7th. StockNews.com downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, Evercore ISI raised LXP Industrial Trust to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.33.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock traded up $0.28 during midday trading on Friday, reaching $10.25. 1,966,792 shares of the company’s stock were exchanged, compared to its average volume of 2,298,126. LXP Industrial Trust has a 52 week low of $7.75 and a 52 week high of $10.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.27 and a current ratio of 0.11. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 256.25 and a beta of 0.86. The stock’s 50-day simple moving average is $9.67 and its 200 day simple moving average is $9.08.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Friday, June 28th. LXP Industrial Trust’s payout ratio is currently 1,300.00%.

About LXP Industrial Trust

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.