Sei Investments Co. Sells 68,634 Shares of LXP Industrial Trust $LXP

Sei Investments Co. decreased its stake in LXP Industrial Trust (NYSE:LXP) by 27.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 185,390 shares of the real estate investment trust’s stock after selling 68,634 shares during the period. Sei Investments Co.’s holdings in LXP Industrial Trust were worth $8,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its position in shares of LXP Industrial Trust by 63.8% during the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 326 shares during the period. EQ Wealth Advisors LLC acquired a new stake in shares of LXP Industrial Trust in the 4th quarter valued at approximately $34,000. Cetera Investment Advisers boosted its stake in LXP Industrial Trust by 5.2% during the 1st quarter. Cetera Investment Advisers now owns 14,905 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 743 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in LXP Industrial Trust by 11.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 9,698 shares of the real estate investment trust’s stock worth $449,000 after acquiring an additional 1,009 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in LXP Industrial Trust by 4.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 26,174 shares of the real estate investment trust’s stock valued at $1,213,000 after purchasing an additional 1,164 shares during the period. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 0.0%

Shares of NYSE LXP opened at $60.54 on Monday. The firm has a market cap of $3.57 billion, a PE ratio of 60.54 and a beta of 1.02. LXP Industrial Trust has a 1 year low of $38.20 and a 1 year high of $61.61. The company has a 50 day simple moving average of $55.18 and a 200 day simple moving average of $51.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10.

LXP Industrial Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

LXP has been the subject of several recent analyst reports. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. BMO Capital Markets initiated coverage on LXP Industrial Trust in a research note on Thursday, July 9th. They issued an “outperform” rating and a $65.00 price target for the company. Finally, Citizens Jmp cut LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.20.

LXP Industrial Trust Profile

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.