Brinker Capital Investments LLC Sells 8,433 Shares of LXP Industrial Trust (NYSE:LXP)

Posted by Defense World Staff on May 4th, 2023

Brinker Capital Investments LLC reduced its stake in LXP Industrial Trust (NYSE:LXP – Get Rating) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,708 shares of the real estate investment trust’s stock after selling 8,433 shares during the period. Brinker Capital Investments LLC’s holdings in LXP Industrial Trust were worth $919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LXP. Quadrant Capital Group LLC increased its holdings in LXP Industrial Trust by 83.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,118 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,415 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of LXP Industrial Trust by 27.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 9,624 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 2,094 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of LXP Industrial Trust in the 3rd quarter worth $93,000. Wolverine Trading LLC purchased a new position in shares of LXP Industrial Trust in the 3rd quarter worth $94,000. Finally, Centiva Capital LP purchased a new position in shares of LXP Industrial Trust in the 3rd quarter worth $109,000. 97.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LXP has been the subject of a number of recent research reports. StockNews.com began coverage on shares of LXP Industrial Trust in a research note on Thursday, March 16th. They issued a “hold” rating for the company. JMP Securities began coverage on shares of LXP Industrial Trust in a research note on Tuesday, April 18th. They set a “market perform” rating for the company.

LXP Industrial Trust Price Performance

LXP stock opened at $9.65 on Thursday. LXP Industrial Trust has a 12 month low of $8.81 and a 12 month high of $12.61. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $9.86 and a 200 day moving average price of $10.32. The stock has a market cap of $2.82 billion, a PE ratio of 25.39, a P/E/G ratio of 13.58 and a beta of 0.82.

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $0.50 annualized dividend and a yield of 5.18%. LXP Industrial Trust’s dividend payout ratio (DPR) is 131.58%.

LXP Industrial Trust Profile

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LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.