Brinker Capital Investments LLC Grows Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Brinker Capital Investments LLC increased its stake in shares of LXP Industrial Trust (NYSE:LXP – Get Rating) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,141 shares of the real estate investment trust’s stock after purchasing an additional 6,678 shares during the period. Brinker Capital Investments LLC’s holdings in LXP Industrial Trust were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LXP. Fifth Third Bancorp raised its holdings in shares of LXP Industrial Trust by 198.6% during the second quarter. Fifth Third Bancorp now owns 2,293 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,525 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new position in shares of LXP Industrial Trust during the second quarter valued at approximately $58,000. EverSource Wealth Advisors LLC increased its holdings in LXP Industrial Trust by 336.5% during the second quarter. EverSource Wealth Advisors LLC now owns 7,530 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 5,805 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in LXP Industrial Trust during the second quarter valued at approximately $89,000. Finally, Sage Rhino Capital LLC purchased a new stake in LXP Industrial Trust during the second quarter valued at approximately $124,000. 97.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. TheStreet cut shares of LXP Industrial Trust from a “b-” rating to a “c” rating in a report on Friday, December 30th. StockNews.com assumed coverage on shares of LXP Industrial Trust in a report on Wednesday, October 12th. They set a “hold” rating for the company.

LXP Industrial Trust Stock Performance

LXP opened at $11.23 on Monday. The firm has a market cap of $3.10 billion, a P/E ratio of 9.77, a PEG ratio of 15.98 and a beta of 0.76. 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 simple moving average of $10.52 and a two-hundred day simple moving average of $10.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.09 and a quick ratio of 0.09.

LXP Industrial Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were given a $0.125 dividend. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.12. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend was Thursday, December 29th. LXP Industrial Trust’s dividend payout ratio is presently 43.48%.

LXP Industrial Trust Company 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.