Van ECK Associates Corp Sells 9,738 Shares of LXP Industrial Trust (NYSE:LXP)

Van ECK Associates Corp lowered its holdings in shares of LXP Industrial Trust (NYSE:LXPGet Rating) by 37.9% in the third quarter, HoldingsChannel reports. The firm owned 15,924 shares of the real estate investment trust’s stock after selling 9,738 shares during the period. Van ECK Associates Corp’s holdings in LXP Industrial Trust were worth $146,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of LXP Industrial Trust by 9.9% during the second quarter. Principal Financial Group Inc. now owns 2,077,455 shares of the real estate investment trust’s stock worth $22,312,000 after acquiring an additional 187,937 shares during the period. Pictet Asset Management SA boosted its holdings in shares of LXP Industrial Trust by 4.8% during the second quarter. Pictet Asset Management SA now owns 115,152 shares of the real estate investment trust’s stock worth $1,237,000 after acquiring an additional 5,301 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of LXP Industrial Trust by 15.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,000 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 5,049 shares during the period. Mizuho Securities USA LLC bought a new stake in shares of LXP Industrial Trust during the third quarter worth approximately $135,000. Finally, FORA Capital LLC bought a new stake in shares of LXP Industrial Trust during the second quarter worth approximately $213,000. Institutional investors own 97.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LXP shares. StockNews.com started coverage on shares of LXP Industrial Trust in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet downgraded shares of LXP Industrial Trust from a “b-” rating to a “c” rating in a research report on Friday, December 30th.

LXP Industrial Trust Stock Down 0.2 %

NYSE LXP opened at $11.07 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.26. LXP Industrial Trust has a 1-year low of $8.81 and a 1-year high of $16.10. The company has a 50 day moving average of $10.51 and a 200-day moving average of $10.26. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 16.06 and a beta of 0.76.

LXP Industrial Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were given a dividend of $0.125 per share. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Thursday, December 29th. LXP Industrial Trust’s payout ratio is currently 43.48%.

About LXP Industrial Trust

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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.

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

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