Community Bank of Raymore Has $1.06 Million Stake in LXP Industrial Trust (NYSE:LXP)

Community Bank of Raymore lowered its stake in shares of LXP Industrial Trust (NYSE:LXP) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,970 shares of the real estate investment trust’s stock after selling 19,100 shares during the quarter. Community Bank of Raymore’s holdings in LXP Industrial Trust were worth $1,063,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its holdings in LXP Industrial Trust by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust’s stock valued at $3,679,000 after buying an additional 1,100 shares during the period. HighTower Advisors LLC increased its stake in LXP Industrial Trust by 2.6% in the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust’s stock valued at $530,000 after acquiring an additional 1,333 shares during the last quarter. GAMMA Investing LLC raised its position in LXP Industrial Trust by 81.1% during the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,532 shares in the last quarter. Vert Asset Management LLC lifted its stake in LXP Industrial Trust by 1.6% during the third quarter. Vert Asset Management LLC now owns 120,140 shares of the real estate investment trust’s stock worth $1,207,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of LXP Industrial Trust by 5.7% in the 3rd quarter. Inspire Investing LLC now owns 40,936 shares of the real estate investment trust’s stock valued at $411,000 after purchasing an additional 2,209 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, LXP Industrial Trust has a consensus rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Stock Performance

NYSE LXP opened at $8.15 on Monday. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week high of $10.56. The stock has a market cap of $2.40 billion, a PE ratio of 135.77 and a beta of 0.89. 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 firm’s fifty day moving average price is $8.74 and its two-hundred day moving average price is $9.48.

LXP Industrial Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s dividend payout ratio is presently 900.15%.

About LXP Industrial Trust

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.