Quest Partners LLC Has $3.85 Million Stock Position in LXP Industrial Trust (NYSE:LXP)

by · The Cerbat Gem

Quest Partners LLC grew its holdings in LXP Industrial Trust (NYSE:LXP – Free Report) by 3,160.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 382,769 shares of the real estate investment trust’s stock after purchasing an additional 371,028 shares during the period. LXP Industrial Trust comprises approximately 0.3% of Quest Partners LLC’s investment portfolio, making the stock its 15th biggest holding. Quest Partners LLC owned approximately 0.13% of LXP Industrial Trust worth $3,847,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LXP. SG Americas Securities LLC increased its position in shares of LXP Industrial Trust by 294.3% in the second quarter. SG Americas Securities LLC now owns 153,093 shares of the real estate investment trust’s stock valued at $1,396,000 after acquiring an additional 114,269 shares during the last quarter. UniSuper Management Pty Ltd raised its stake in shares of LXP Industrial Trust by 127.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 185,708 shares of the real estate investment trust’s stock worth $1,675,000 after purchasing an additional 104,108 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of LXP Industrial Trust by 5.8% in the 2nd quarter. Victory Capital Management Inc. now owns 2,941,937 shares of the real estate investment trust’s stock valued at $26,830,000 after buying an additional 160,651 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of LXP Industrial Trust by 624.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,396,610 shares of the real estate investment trust’s stock valued at $21,857,000 after buying an additional 2,065,667 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in LXP Industrial Trust by 16.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,792,408 shares of the real estate investment trust’s stock worth $28,064,000 after buying an additional 395,798 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI increased their price target on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the company 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 issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, LXP Industrial Trust presently has a consensus rating of “Hold” and an average price target of $11.25.

Read Our Latest Stock Analysis on LXP

LXP Industrial Trust Stock Performance

LXP opened at $9.18 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 12-month low of $8.13 and a 12-month high of $10.56. The business has a 50 day moving average of $9.75 and a 200-day moving average of $9.51. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 153.03 and a beta of 0.88.

LXP Industrial Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.135 per share. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, December 31st. This represents a $0.54 annualized dividend and a yield of 5.88%. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 866.81%.

LXP Industrial Trust Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding LXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LXP Industrial Trust (NYSE:LXP – Free Report).