Cibc World Markets Corp Makes New $976,000 Investment in LXP Industrial Trust (NYSE:LXP)

Cibc World Markets Corp bought a new position in LXP Industrial Trust (NYSE:LXPFree Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 98,435 shares of the real estate investment trust’s stock, valued at approximately $976,000.

Several other large investors have also made changes to their positions in LXP. Jump Financial LLC increased its holdings in LXP Industrial Trust by 119.6% in the 3rd quarter. Jump Financial LLC now owns 35,410 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 19,287 shares in the last quarter. New York State Common Retirement Fund increased its holdings in LXP Industrial Trust by 2.1% in the 3rd quarter. New York State Common Retirement Fund now owns 113,570 shares of the real estate investment trust’s stock valued at $1,011,000 after purchasing an additional 2,370 shares in the last quarter. Swiss National Bank increased its holdings in LXP Industrial Trust by 1.0% in the 3rd quarter. Swiss National Bank now owns 643,200 shares of the real estate investment trust’s stock valued at $5,724,000 after purchasing an additional 6,300 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in LXP Industrial Trust by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,603,482 shares of the real estate investment trust’s stock valued at $40,971,000 after purchasing an additional 142,286 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in LXP Industrial Trust by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 33,936 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 1,406 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LXP has been the subject of several recent research reports. Jefferies Financial Group increased their price target on LXP Industrial Trust from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday. BNP Paribas began coverage on LXP Industrial Trust in a research note on Tuesday, June 4th. They set an “outperform” rating and a $11.00 target price for the company. Finally, StockNews.com downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd.

Read Our Latest Analysis on LXP

LXP Industrial Trust Stock Up 0.1 %

NYSE:LXP opened at $8.69 on Tuesday. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 217.18 and a beta of 0.85. LXP Industrial Trust has a one year low of $7.75 and a one year high of $10.75. The stock has a 50-day simple moving average of $8.70 and a 200 day simple moving average of $9.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

LXP Industrial Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.52 dividend on an annualized basis and a yield of 5.99%. LXP Industrial Trust’s dividend payout ratio (DPR) is 1,300.33%.

LXP Industrial Trust Profile

(Free Report)

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.

See Also

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

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