AlphaMark Advisors LLC Sells 2,999 Shares of LXP Industrial Trust (NYSE:LXP)

AlphaMark Advisors LLC trimmed its stake in LXP Industrial Trust (NYSE:LXP) by 8.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,317 shares of the real estate investment trust’s stock after selling 2,999 shares during the period. AlphaMark Advisors LLC’s holdings in LXP Industrial Trust were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of LXP Industrial Trust by 1,596.2% in the second quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 2,953 shares during the period. GAMMA Investing LLC raised its holdings in LXP Industrial Trust by 81.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,532 shares during the period. CWM LLC lifted its position in LXP Industrial Trust by 52.4% during the 1st quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,728 shares during the last quarter. SageView Advisory Group LLC bought a new stake in LXP Industrial Trust during the first quarter valued at about $61,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of LXP Industrial Trust in the first quarter valued at about $74,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $9.80 on Friday. The firm has a fifty day moving average price of $9.98 and a two-hundred day moving average price of $9.40. LXP Industrial Trust has a fifty-two week low of $7.75 and a fifty-two week high of $10.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $2.88 billion, a PE ratio of 245.00 and a beta of 0.87.

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend was Monday, September 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 1,300.00%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI increased their target price on 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 investment 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.com, LXP Industrial Trust has a consensus rating of “Hold” and an average target price 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.