LXP Industrial Trust (NYSE:LXP) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 984,815 shares of the real estate investment trust’s stock after selling 14,672 shares during the quarter. Glenmede Trust Co. NA owned about 0.33% of LXP Industrial Trust worth $9,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. William Blair Investment Management LLC acquired a new position in shares of LXP Industrial Trust during the second quarter worth about $36,683,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in LXP Industrial Trust by 624.2% during 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 acquiring an additional 2,065,667 shares in the last quarter. Millennium Management LLC boosted its holdings in LXP Industrial Trust by 173.9% in the 2nd quarter. Millennium Management LLC now owns 1,861,986 shares of the real estate investment trust’s stock worth $16,981,000 after acquiring an additional 1,182,258 shares during the period. Marshall Wace LLP grew its position 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 acquiring an additional 540,045 shares in the last quarter. Finally, Lighthouse Investment Partners LLC raised its stake in shares of LXP Industrial Trust by 59.6% during the second quarter. Lighthouse Investment Partners LLC now owns 1,205,000 shares of the real estate investment trust’s stock valued at $10,990,000 after purchasing an additional 450,000 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Trading Down 0.7 %

Shares of LXP opened at $9.36 on Friday. LXP Industrial Trust has a one year low of $8.23 and a one year high of $10.56. The stock has a 50-day moving average price of $9.59 and a 200 day moving average price of $9.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $2.76 billion, a P/E ratio of 155.92 and a beta of 0.88.

LXP Industrial Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.135 per share. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 5.77%. The ex-dividend date is Tuesday, December 31st. LXP Industrial Trust’s dividend payout ratio is 900.00%.

Analyst Upgrades and Downgrades

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

LXP Industrial Trust 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.