Magnus Financial Group LLC Acquires 3,005 Shares of LXP Industrial Trust (NYSE:LXP)

Magnus Financial Group LLC raised its holdings in LXP Industrial Trust (NYSE:LXP) by 2.9% in the 4th quarter, HoldingsChannel reports. The fund owned 105,441 shares of the real estate investment trust’s stock after acquiring an additional 3,005 shares during the period. Magnus Financial Group LLC’s holdings in LXP Industrial Trust were worth $856,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in LXP Industrial Trust by 81.1% in the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,532 shares during the period. First Hawaiian Bank bought a new stake in shares of LXP Industrial Trust in the 4th quarter valued at about $100,000. KBC Group NV increased its stake in shares of LXP Industrial Trust by 32.7% in the third quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 2,504 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of LXP Industrial Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,424 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 2,948 shares during the last quarter. Finally, Atria Investments Inc acquired a new position in shares of LXP Industrial Trust in the third quarter worth approximately $118,000. Institutional investors own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.33.

LXP Industrial Trust Trading Down 1.1 %

NYSE:LXP opened at $8.35 on Thursday. The firm has a fifty day simple moving average of $8.68 and a two-hundred day simple moving average of $9.46. LXP Industrial Trust has a 12 month low of $7.65 and a 12 month high of $10.56. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 139.11 and a beta of 0.89. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.135 per share. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date was Tuesday, December 31st. LXP Industrial Trust’s dividend payout ratio is 900.15%.

About LXP Industrial Trust

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.