DLD Asset Management LP Has $564,000 Stock Position in LXP Industrial Trust (NYSE:LXP)

DLD Asset Management LP grew its stake in shares of LXP Industrial Trust (NYSE:LXPGet Rating) by 50.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,525 shares of the real estate investment trust’s stock after purchasing an additional 17,525 shares during the quarter. DLD Asset Management LP’s holdings in LXP Industrial Trust were worth $564,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LXP. Fifth Third Bancorp increased its position in shares of LXP Industrial Trust by 198.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,293 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,525 shares during the last quarter. Total Clarity Wealth Management Inc. acquired a new position in shares of LXP Industrial Trust during the 2nd quarter worth approximately $58,000. EverSource Wealth Advisors LLC increased its holdings in shares of LXP Industrial Trust by 336.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,530 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 5,805 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of LXP Industrial Trust during the 2nd quarter worth approximately $89,000. Finally, Sage Rhino Capital LLC acquired a new position in shares of LXP Industrial Trust during the 2nd quarter worth approximately $124,000. Institutional investors and hedge funds own 98.29% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on LXP Industrial Trust in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

LXP Industrial Trust Stock Performance

NYSE LXP traded up $0.03 on Thursday, reaching $10.35. The stock had a trading volume of 2,262,530 shares, compared to its average volume of 1,787,346. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a fifty day moving average of $9.67 and a two-hundred day moving average of $10.40. LXP Industrial Trust has a 1-year low of $8.81 and a 1-year high of $16.10. The company has a market cap of $2.85 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 15.25 and a beta of 0.74.

LXP Industrial Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.83%. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, December 29th. LXP Industrial Trust’s dividend payout ratio is presently 41.74%.

LXP Industrial Trust Company Profile

(Get Rating)

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

See Also

Institutional Ownership by Quarter for LXP Industrial Trust (NYSE:LXP)

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