Gold Investment Management Ltd. Invests $564,000 in LXP Industrial Trust (NYSE:LXP)

Gold Investment Management Ltd. purchased a new position in LXP Industrial Trust (NYSE:LXPFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 56,873 shares of the real estate investment trust’s stock, valued at approximately $564,000.

Other large investors have also recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of LXP Industrial Trust by 65.1% in the fourth quarter. CWM LLC now owns 3,298 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,300 shares during the period. Quadrant Capital Group LLC boosted its stake in LXP Industrial Trust by 84.0% during the fourth quarter. Quadrant Capital Group LLC now owns 9,211 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 4,206 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in LXP Industrial Trust during the third quarter valued at $90,000. Raymond James Financial Services Advisors Inc. bought a new stake in LXP Industrial Trust during the fourth quarter valued at $112,000. Finally, Oak Thistle LLC bought a new stake in LXP Industrial Trust during the fourth quarter valued at $124,000. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Price Performance

NYSE:LXP traded up $0.06 during trading hours on Friday, hitting $8.50. 2,490,356 shares of the company’s stock traded hands, compared to its average volume of 2,298,085. The firm has a market cap of $2.50 billion, a P/E ratio of 212.55 and a beta of 0.82. LXP Industrial Trust has a 52 week low of $7.75 and a 52 week high of $10.75. The business’s fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $8.99. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

LXP Industrial Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend was Wednesday, March 27th. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 1,300.33%.

Analyst Upgrades and Downgrades

Separately, lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd.

View Our Latest Analysis on LXP Industrial Trust

About LXP Industrial Trust

(Free Report)

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.

Further Reading

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

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