Great West Life Assurance Co. increased the number of shares of LXP Industrial Trust (NYSE: LXP) that it owned by 13.7% during the third quarter, as indicated by the most recent SEC filing that the company submitted. As a result of the company’s purchase of an additional 71.014 shares of the REIT during the quarter, it now has a total of 587.742 shares of the REIT in its possession. Great West Life Assurance Company of Canada owned approximately 0.21% of LXP Industrial Trust, which had a total value of $5,383,000 at the end of the most recent quarter.
Throughout the past few months, a wide variety of other institutional investors have engaged in transactions that included the buying and selling shares of stock in the company. Through the second quarter, Fifth Third Bancorp achieved a 198.6% increase in the proportion of LXP Industrial Trust shares that it owned. After purchasing an additional 1,525 shares during the relevant period, Fifth Third Bancorp is now the owner of 2,293 shares of the real estate investment trust’s stock. Each share has a value of $25,000, and the total value of Fifth Third Bancorp’s holdings is $25,000. Total Clarity Wealth Management Inc. made a new investment in LXP Industrial Trust during the second quarter, and their total investment in the deal was approximately $58,000. EverSource Wealth Advisors LLC saw a 336.5% increase in the number of shares of LXP Industrial Trust that it held in its portfolio during the second quarter. As a result of the company’s purchase of an additional 5,805 shares during the relevant period, EverSource Wealth Advisors LLC now has a total holding of 7,530 shares of the real estate investment trust. The current market value of these shares is $81,000, and the company has a total asset value of $81,000. Harvest Fund Management Co. Ltd. established a new position in LXP Industrial Trust during the second quarter by purchasing 89,000 dollars worth of shares. In the second quarter, Sage Rhino Capital LLC shelled out approximately 124,000 dollars to buy more shares of LXP Industrial Trust. This was the last and most important item on the agenda. Institutional investors hold the vast majority of the company’s shares, which amounts to 97.53% of the total.
Quite a few people who keep an eye on the market have shared their thoughts on the LXP shares. On October 12th, a research report on LXP Industrial Trust was published on StockNews.com, signaling the beginning of that website’s company coverage. They recommended that investors “hold” their positions in the company. In a research report made available to the public on December 30th, The Street downgraded their recommendation for LXP Industrial Trust from “b-” to “c.”
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LXP began trading at $11.23 on Friday. The debt-to-equity ratio was calculated to be 0.26, the current ratio was calculated to be 0.09, and the quick ratio was also calculated to be 0.09. During the previous twelve months, the price of LXP Industrial Trust ranged from a low of $8.81 to a high of $16.10. The stock’s moving average price over the past 50 days is $10.52; over the past 200 days, it has averaged $10.26 per share. The company has a price-to-earnings ratio of 9.77, the stock has a price-to-earnings-to-growth ratio of 16.06, and the stock has a beta of 0.76. These ratios are based on the stock price. The stock has a market capitalization of $3.10 billion as of right now.
In addition, the company recently announced and paid out a quarterly dividend, which was done on the 17th of this month. The dividend was distributed. On Friday, December 30th, $0.125 dividend payments per share were mailed out to stockholders who already had their information on file. Thursday, December 29th, was the day that the dividend was disbursed; that day was also the month of December. The results of this calculation are a dividend yield of 4.45 percent and a dividend payment of 0.50 dollars each year. This represents an increase compared to the previous quarterly dividend amount of $0.12 distributed by LXP Industrial Trust. The dividend payout ratio (DPR) for LXP Industrial Trust is currently at 43.48 percent.
Lexington Realty Trust, a publicly traded real estate investment trust (REIT), possesses a portfolio of real estate assets primarily made up of equity investments in single-tenant net-leased industrial properties located throughout the United States. The ticker symbol for Lexington Realty Trust is LXP on the New York Stock Exchange (NYSE). Build-to-suit transactions, sale-leaseback transactions, and other types of transactions, such as acquisitions, are ways Lexington plans to increase the size of its industrial portfolio. Lexington also intends to grow the size of its portfolio through other transactional means.
