New York State Teachers Retirement System Has $4.78 Million Holdings in LXP Industrial Trust (NYSE:LXP)

New York State Teachers Retirement System reduced its holdings in LXP Industrial Trust (NYSE:LXPGet Rating) by 5.0% during the 3rd quarter, Holdings Channel reports. The fund owned 521,974 shares of the real estate investment trust’s stock after selling 27,404 shares during the quarter. New York State Teachers Retirement System’s holdings in LXP Industrial Trust were worth $4,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Arizona State Retirement System boosted its holdings in shares of LXP Industrial Trust by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 77,412 shares of the real estate investment trust’s stock worth $831,000 after acquiring an additional 962 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in LXP Industrial Trust by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 39,600 shares of the real estate investment trust’s stock worth $425,000 after buying an additional 1,150 shares in the last quarter. Cibc World Markets Corp lifted its holdings in LXP Industrial Trust by 0.8% during the 1st quarter. Cibc World Markets Corp now owns 142,532 shares of the real estate investment trust’s stock worth $2,238,000 after buying an additional 1,151 shares in the last quarter. Eaton Vance Management lifted its holdings in LXP Industrial Trust by 10.8% during the 1st quarter. Eaton Vance Management now owns 12,242 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 1,189 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in LXP Industrial Trust by 198.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,293 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,525 shares in the last quarter. 97.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on LXP shares. TheStreet downgraded LXP Industrial Trust from a “b-” rating to a “c” rating in a report on Friday, December 30th. StockNews.com started coverage on LXP Industrial Trust in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

LXP Industrial Trust Stock Performance

Shares of LXP Industrial Trust stock opened at $11.29 on Monday. The firm has a fifty day moving average of $10.44 and a two-hundred day moving average of $10.24. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 16.06 and a beta of 0.76. LXP Industrial Trust has a 52 week low of $8.81 and a 52 week high of $16.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.09 and a current ratio of 0.09.

LXP Industrial Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be given a dividend of $0.125 per share. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.50 annualized dividend and a dividend yield of 4.43%. LXP Industrial Trust’s payout ratio is presently 43.48%.

LXP Industrial Trust Profile

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Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

Further Reading

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

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