Amalgamated Bank Sells 3,074 Shares of LXP Industrial Trust (NYSE:LXP)

Amalgamated Bank lowered its stake in shares of LXP Industrial Trust (NYSE:LXP) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,697 shares of the real estate investment trust’s stock after selling 3,074 shares during the quarter. Amalgamated Bank’s holdings in LXP Industrial Trust were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of LXP Industrial Trust by 1,596.2% in the 2nd quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 2,953 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 acquiring an additional 1,532 shares in the last quarter. SageView Advisory Group LLC purchased a new position in LXP Industrial Trust in the first quarter worth $61,000. Sequoia Financial Advisors LLC acquired a new position in shares of LXP Industrial Trust during the second quarter worth $92,000. Finally, Paloma Partners Management Co purchased a new stake in shares of LXP Industrial Trust during the 1st quarter valued at $96,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Trading Down 2.8 %

NYSE LXP opened at $9.26 on Friday. LXP Industrial Trust has a 12-month low of $8.13 and a 12-month high of $10.56. The company has a fifty day simple moving average of $9.79 and a two-hundred day simple moving average of $9.50. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.73 billion, a P/E ratio of 157.36 and a beta of 0.88.

LXP Industrial Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.135 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.54 dividend on an annualized basis and a yield of 5.83%. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s payout ratio is currently 866.81%.

Analysts Set New Price Targets

Separately, Evercore ISI upped their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.25.

LXP Industrial Trust 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.