XTX Topco Ltd Makes New Investment in LXP Industrial Trust (NYSE:LXP)

XTX Topco Ltd bought a new position in LXP Industrial Trust (NYSE:LXP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,071 shares of the real estate investment trust’s stock, valued at approximately $473,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC raised its stake in shares of LXP Industrial Trust by 101.3% in the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust’s stock worth $5,492,000 after buying an additional 274,933 shares during the period. Wellington Management Group LLP raised its stake in shares of LXP Industrial Trust by 3.9% in the third quarter. Wellington Management Group LLP now owns 2,650,679 shares of the real estate investment trust’s stock worth $26,639,000 after buying an additional 98,437 shares during the period. Weiss Asset Management LP bought a new position in shares of LXP Industrial Trust in the third quarter worth about $760,000. Systematic Financial Management LP raised its stake in shares of LXP Industrial Trust by 14.3% in the third quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock worth $26,869,000 after buying an additional 334,029 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of LXP Industrial Trust by 6.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 55,731 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 3,544 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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.

LXP Industrial Trust Stock Down 0.2 %

Shares of LXP opened at $9.04 on Friday. The business’s 50 day moving average is $9.43 and its 200 day moving average is $9.59. The company has a market capitalization of $2.66 billion, a PE ratio of 150.69 and a beta of 0.86. LXP Industrial Trust has a 12-month low of $8.23 and a 12-month high of $10.56. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.97%. The ex-dividend date is Tuesday, December 31st. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s dividend payout ratio (DPR) is 866.81%.

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.