LXP Industrial Trust (NYSE:LXP) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of LXP Industrial Trust (NYSE:LXP) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,697 shares of the real estate investment trust’s stock after selling 3,074 shares during the quarter. Amalgamated Bank’s holdings in LXP Industrial Trust were worth $871,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Long Pond Capital LP grew its position in LXP Industrial Trust by 139.3% during the first quarter. Long Pond Capital LP now owns 7,447,513 shares of the real estate investment trust’s stock valued at $67,177,000 after buying an additional 4,335,751 shares during the period. William Blair Investment Management LLC purchased a new position in shares of LXP Industrial Trust in the 2nd quarter valued at about $36,683,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in LXP Industrial Trust by 624.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,396,610 shares of the real estate investment trust’s stock worth $21,857,000 after purchasing an additional 2,065,667 shares during the period. Millennium Management LLC boosted its position in LXP Industrial Trust by 173.9% during the second quarter. Millennium Management LLC now owns 1,861,986 shares of the real estate investment trust’s stock worth $16,981,000 after purchasing an additional 1,182,258 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in LXP Industrial Trust by 106.5% in the second quarter. Marshall Wace LLP now owns 1,047,245 shares of the real estate investment trust’s stock valued at $9,551,000 after purchasing an additional 540,045 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Trading Down 2.8 %

Shares of LXP Industrial Trust stock opened at $9.26 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a twelve month low of $8.13 and a twelve month high of $10.56. The firm has a market capitalization of $2.73 billion, a PE ratio of 157.36 and a beta of 0.88. The firm’s 50-day moving average price is $9.79 and its 200 day moving average price is $9.50.

LXP Industrial Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Tuesday, December 31st. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s dividend payout ratio (DPR) is 866.81%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI upped their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.25.

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.