Quadrant Capital Group LLC Boosts Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Quadrant Capital Group LLC grew its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 84.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,211 shares of the real estate investment trust’s stock after buying an additional 4,206 shares during the quarter. Quadrant Capital Group LLC’s holdings in LXP Industrial Trust were worth $91,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in LXP. CWM LLC grew its stake in LXP Industrial Trust by 65.1% during the 4th quarter. CWM LLC now owns 3,298 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,300 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in LXP Industrial Trust in the 3rd quarter valued at approximately $90,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of LXP Industrial Trust during the fourth quarter worth $112,000. Fox Run Management L.L.C. bought a new position in LXP Industrial Trust in the third quarter valued at approximately $119,000. Finally, Oak Thistle LLC acquired a new position in shares of LXP Industrial Trust in the fourth quarter valued at about $124,000. 93.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Friday, May 3rd.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $8.51 on Friday. LXP Industrial Trust has a 52-week low of $7.75 and a 52-week high of $10.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $2.50 billion, a PE ratio of 212.68 and a beta of 0.82. The stock has a 50-day simple moving average of $8.79 and a two-hundred day simple moving average of $8.98.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.52 annualized dividend and a yield of 6.11%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 1,300.33%.

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.