Dakota Wealth Management Has $112,000 Stock Position in LXP Industrial Trust (NYSE:LXP)

Dakota Wealth Management increased its position in LXP Industrial Trust (NYSE:LXP) by 21.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,315 shares of the real estate investment trust’s stock after acquiring an additional 2,177 shares during the quarter. Dakota Wealth Management’s holdings in LXP Industrial Trust were worth $112,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LXP. SG Americas Securities LLC boosted its holdings in LXP Industrial Trust by 294.3% during the second quarter. SG Americas Securities LLC now owns 153,093 shares of the real estate investment trust’s stock valued at $1,396,000 after purchasing an additional 114,269 shares in the last quarter. Centersquare Investment Management LLC boosted its position in LXP Industrial Trust by 38.6% in the first quarter. Centersquare Investment Management LLC now owns 282,510 shares of the real estate investment trust’s stock valued at $2,359,000 after buying an additional 78,610 shares in the last quarter. Norges Bank bought a new stake in LXP Industrial Trust during the 4th quarter worth approximately $31,529,000. UniSuper Management Pty Ltd increased its holdings in LXP Industrial Trust by 127.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 185,708 shares of the real estate investment trust’s stock valued at $1,675,000 after purchasing an additional 104,108 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in LXP Industrial Trust by 4,618.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,443,977 shares of the real estate investment trust’s stock valued at $14,324,000 after purchasing an additional 1,413,377 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Analyst Ratings Changes

LXP has been the subject of a number of research reports. StockNews.com lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Jefferies Financial Group upped their price objective on LXP Industrial Trust from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Evercore ISI raised LXP Industrial Trust to a “hold” rating in a research note on Thursday, August 1st. Finally, BNP Paribas started coverage on LXP Industrial Trust in a research note on Tuesday, June 4th. They set an “outperform” rating and a $11.00 price target on the stock. 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.33.

LXP Industrial Trust Trading Down 0.6 %

Shares of LXP stock traded down $0.06 on Wednesday, reaching $9.74. The company had a trading volume of 111,958 shares, compared to its average volume of 2,296,893. The company has a 50-day moving average of $9.60 and a 200-day moving average of $9.06. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.56. The stock has a market cap of $2.87 billion, a PE ratio of 244.88 and a beta of 0.86. The company has a current ratio of 0.11, a quick ratio of 0.27 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Friday, June 28th. LXP Industrial Trust’s payout ratio is presently 1,300.00%.

Insiders Place Their Bets

In related news, Director Arun Gupta acquired 15,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $8.95 per share, with a total value of $134,250.00. Following the completion of the transaction, the director now directly owns 65,474 shares of the company’s stock, valued at $585,992.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.17% of the company’s stock.

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.