LXP Industrial Trust (NYSE:LXP) Short Interest Update

LXP Industrial Trust (NYSE:LXP) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 3,230,000 shares, a drop of 21.0% from the September 15th total of 4,090,000 shares. Based on an average daily trading volume, of 2,070,000 shares, the short-interest ratio is presently 1.6 days.

LXP Industrial Trust Stock Down 0.2 %

Shares of LXP traded down $0.02 during mid-day trading on Monday, reaching $9.59. The company’s stock had a trading volume of 796,529 shares, compared to its average volume of 2,239,556. The business has a fifty day moving average of $9.97 and a 200 day moving average of $9.38. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 240.25 and a beta of 0.87. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.56. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.42%. LXP Industrial Trust’s payout ratio is currently 1,300.00%.

Analysts Set New Price Targets

Separately, Evercore ISI raised their price objective on LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, LXP Industrial Trust currently has an average rating of “Hold” and a consensus price target of $11.25.

Institutional Trading of LXP Industrial Trust

A number of hedge funds have recently modified their holdings of LXP. SG Americas Securities LLC raised its holdings in shares of LXP Industrial Trust by 294.3% during the second quarter. SG Americas Securities LLC now owns 153,093 shares of the real estate investment trust’s stock worth $1,396,000 after acquiring an additional 114,269 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in shares of LXP Industrial Trust by 38.6% during the first quarter. Centersquare Investment Management LLC now owns 282,510 shares of the real estate investment trust’s stock worth $2,359,000 after acquiring an additional 78,610 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of LXP Industrial Trust by 127.6% during the first quarter. UniSuper Management Pty Ltd now owns 185,708 shares of the real estate investment trust’s stock worth $1,675,000 after acquiring an additional 104,108 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of LXP Industrial Trust by 5.8% during the second quarter. Victory Capital Management Inc. now owns 2,941,937 shares of the real estate investment trust’s stock worth $26,830,000 after acquiring an additional 160,651 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of LXP Industrial Trust by 624.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,396,610 shares of the real estate investment trust’s stock worth $21,857,000 after acquiring an additional 2,065,667 shares in the last quarter. Hedge funds and other institutional investors own 93.52% 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.