Caxton Associates LP Buys Shares of 11,290 LXP Industrial Trust (NYSE:LXP)

Caxton Associates LP purchased a new position in LXP Industrial Trust (NYSE:LXP) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,290 shares of the real estate investment trust’s stock, valued at approximately $102,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LXP. Inspire Investing LLC increased its holdings in shares of LXP Industrial Trust by 3.0% in the 1st quarter. Inspire Investing LLC now owns 39,750 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 1,147 shares during the period. CWM LLC grew its holdings in LXP Industrial Trust by 65.1% in the 4th quarter. CWM LLC now owns 3,298 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,300 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of LXP Industrial Trust by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 512,191 shares of the real estate investment trust’s stock worth $5,081,000 after purchasing an additional 1,594 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of LXP Industrial Trust by 6.6% during the fourth quarter. CIBC Asset Management Inc now owns 32,110 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 1,979 shares during the period. Finally, Metis Global Partners LLC raised its stake in shares of LXP Industrial Trust by 12.5% during the fourth quarter. Metis Global Partners LLC now owns 19,311 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 2,149 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

LXP has been the topic of several research analyst reports. BNP Paribas initiated coverage on shares of LXP Industrial Trust in a research note on Tuesday, June 4th. They set an “outperform” rating and a $11.00 target price on the stock. Jefferies Financial Group raised their price objective on shares of LXP Industrial Trust from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, StockNews.com downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock traded up $0.02 during midday trading on Tuesday, hitting $10.35. The company’s stock had a trading volume of 693,690 shares, compared to its average volume of 2,326,473. The company has a market capitalization of $3.05 billion, a PE ratio of 258.31 and a beta of 0.86. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average price is $9.20 and its 200-day moving average price is $9.01. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.49.

LXP Industrial Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, June 28th. This represents a $0.52 annualized dividend and a yield of 5.02%. LXP Industrial Trust’s payout ratio is presently 1,300.33%.

Insiders Place Their Bets

In other LXP Industrial Trust news, Director Arun Gupta bought 15,000 shares of the stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of $8.95 per share, with a total value of $134,250.00. Following the completion of the transaction, the director now directly owns 65,474 shares of the company’s stock, valued at approximately $585,992.30. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.17% of the company’s stock.

LXP Industrial Trust Company 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.