LXP Industrial Trust (NYSE:LXP) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of LXP Industrial Trust (NYSE:LXP – Get Rating) in a report issued on Thursday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Separately, TheStreet cut shares of LXP Industrial Trust from a b- rating to a c rating in a research report on Friday, December 30th.

LXP Industrial Trust Trading Down 2.0 %

Shares of LXP traded down $0.20 during mid-day trading on Thursday, hitting $9.75. The company had a trading volume of 4,119,248 shares, compared to its average volume of 1,948,542. The business’s 50-day simple moving average is $10.91 and its 200-day simple moving average is $10.30. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.19. LXP Industrial Trust has a 1-year low of $8.81 and a 1-year high of $16.10. The stock has a market cap of $2.85 billion, a PE ratio of 25.66, a P/E/G ratio of 14.49 and a beta of 0.82.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.50 annualized dividend and a yield of 5.13%. LXP Industrial Trust’s payout ratio is 131.58%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its holdings in LXP Industrial Trust by 83.1% in the third quarter. Quadrant Capital Group LLC now owns 3,118 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,415 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in LXP Industrial Trust by 126.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,506 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 3,631 shares during the period. EverSource Wealth Advisors LLC raised its holdings in LXP Industrial Trust by 27.8% in the third quarter. EverSource Wealth Advisors LLC now owns 9,624 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 2,094 shares during the period. Engineers Gate Manager LP purchased a new position in LXP Industrial Trust in the third quarter valued at approximately $93,000. Finally, Wolverine Trading LLC purchased a new position in LXP Industrial Trust in the third quarter valued at approximately $94,000. Hedge funds and other institutional investors own 97.53% of the company’s stock.

LXP Industrial Trust Company Profile

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LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.