Clearbridge Investments LLC Grows Holdings in LXP Industrial Trust (NYSE:LXP)

Clearbridge Investments LLC raised its position in LXP Industrial Trust (NYSE:LXP) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,333,056 shares of the real estate investment trust’s stock after purchasing an additional 7,605 shares during the period. Clearbridge Investments LLC’s holdings in LXP Industrial Trust were worth $13,224,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of LXP Industrial Trust by 4.3% during 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 purchasing an additional 199,736 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in LXP Industrial Trust by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,140,607 shares of the real estate investment trust’s stock valued at $41,075,000 after purchasing an additional 22,956 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in LXP Industrial Trust by 0.5% in the 4th 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 purchasing an additional 22,001 shares during the last quarter. Norges Bank acquired a new position in LXP Industrial Trust in the 4th quarter valued at about $31,529,000. Finally, Victory Capital Management Inc. boosted its holdings in LXP Industrial Trust by 8.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,784,769 shares of the real estate investment trust’s stock valued at $27,625,000 after purchasing an additional 219,728 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Friday, May 3rd.

LXP Industrial Trust Trading Down 0.1 %

Shares of LXP stock traded down $0.01 during trading hours on Friday, hitting $8.51. The company had a trading volume of 1,208,012 shares, compared to its average volume of 2,023,434. The company’s fifty day moving average is $8.79 and its 200 day moving average is $8.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. LXP Industrial Trust has a fifty-two week low of $7.75 and a fifty-two week high of $10.75. The stock has a market capitalization of $2.50 billion, a PE ratio of 212.68 and a beta of 0.82.

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.52 annualized dividend and a dividend yield of 6.11%. LXP Industrial Trust’s dividend payout ratio is currently 1,300.33%.

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.