Shikiar Asset Management Inc. Has $2.27 Million Stock Position in LXP Industrial Trust (NYSE:LXP)

Shikiar Asset Management Inc. lessened its position in LXP Industrial Trust (NYSE:LXP) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 226,250 shares of the real estate investment trust’s stock after selling 3,200 shares during the period. Shikiar Asset Management Inc. owned approximately 0.08% of LXP Industrial Trust worth $2,274,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pensionfund DSM Netherlands grew its position in LXP Industrial Trust by 8.2% in the 1st quarter. Pensionfund DSM Netherlands now owns 197,000 shares of the real estate investment trust’s stock valued at $1,777,000 after purchasing an additional 15,000 shares during the period. CWM LLC increased its position in shares of LXP Industrial Trust by 52.4% during the first quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,728 shares in the last quarter. Pensionfund Sabic raised its holdings in shares of LXP Industrial Trust by 24.7% in the 1st quarter. Pensionfund Sabic now owns 96,000 shares of the real estate investment trust’s stock worth $866,000 after acquiring an additional 19,000 shares during the last quarter. Hazelview Securities Inc. acquired a new stake in shares of LXP Industrial Trust in the 1st quarter worth about $12,042,000. Finally, AlphaMark Advisors LLC lifted its position in LXP Industrial Trust by 9.5% in the 1st quarter. AlphaMark Advisors LLC now owns 30,695 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 2,653 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI boosted their price objective on LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.25.

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $9.61 on Friday. LXP Industrial Trust has a one year low of $7.75 and a one year high of $10.56. The company has a market cap of $2.83 billion, a P/E ratio of 240.25 and a beta of 0.87. The firm has a 50-day moving average of $9.97 and a 200-day moving average of $9.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Monday, September 30th. LXP Industrial Trust’s payout ratio is 1,300.00%.

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.