Quantinno Capital Management LP Has $1.94 Million Stake in LXP Industrial Trust $LXP

Quantinno Capital Management LP lifted its stake in LXP Industrial Trust (NYSE:LXP) by 128.1% during the first quarter, Holdings Channel reports. The fund owned 41,933 shares of the real estate investment trust’s stock after acquiring an additional 23,550 shares during the quarter. Quantinno Capital Management LP’s holdings in LXP Industrial Trust were worth $1,940,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. boosted its position in LXP Industrial Trust by 269.0% during the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after purchasing an additional 4,688,972 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of LXP Industrial Trust by 468.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust’s stock worth $18,435,000 after buying an additional 1,695,558 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of LXP Industrial Trust in the fourth quarter worth $79,619,000. Qube Research & Technologies Ltd boosted its holdings in shares of LXP Industrial Trust by 359.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust’s stock worth $15,849,000 after buying an additional 1,501,010 shares during the period. Finally, Norges Bank acquired a new position in LXP Industrial Trust in the 4th quarter valued at $59,953,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Performance

NYSE LXP opened at $60.67 on Wednesday. The company’s fifty day moving average is $56.42 and its two-hundred day moving average is $51.93. LXP Industrial Trust has a 52-week low of $39.95 and a 52-week high of $61.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 60.67 and a beta of 1.02.

LXP Industrial Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. LXP Industrial Trust’s dividend payout ratio (DPR) is 280.00%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BMO Capital Markets initiated coverage on shares of LXP Industrial Trust in a report on Thursday, July 9th. They issued an “outperform” rating and a $65.00 target price on the stock. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Raymond James Financial began coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a “market perform” rating on the stock. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.17.

About LXP Industrial Trust

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.