Public Employees Retirement System of Ohio Grows Position in LXP Industrial Trust (NYSE:LXP)

Public Employees Retirement System of Ohio raised its position in LXP Industrial Trust (NYSE:LXP) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 423,947 shares of the real estate investment trust’s stock after purchasing an additional 3,312 shares during the quarter. Public Employees Retirement System of Ohio owned 0.14% of LXP Industrial Trust worth $4,261,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC bought a new position in LXP Industrial Trust in the 2nd quarter worth about $36,683,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of LXP Industrial Trust by 624.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,396,610 shares of the real estate investment trust’s stock worth $21,857,000 after buying an additional 2,065,667 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of LXP Industrial Trust by 340.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,213,117 shares of the real estate investment trust’s stock worth $22,242,000 after buying an additional 1,710,867 shares in the last quarter. Millennium Management LLC increased its stake in shares of LXP Industrial Trust by 173.9% during the second quarter. Millennium Management LLC now owns 1,861,986 shares of the real estate investment trust’s stock valued at $16,981,000 after buying an additional 1,182,258 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of LXP Industrial Trust by 106.5% in the second quarter. Marshall Wace LLP now owns 1,047,245 shares of the real estate investment trust’s stock valued at $9,551,000 after acquiring an additional 540,045 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

Analyst Ratings Changes

Separately, Evercore ISI increased their target price on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a report on Monday, September 16th.

LXP Industrial Trust Stock Down 0.2 %

Shares of NYSE LXP opened at $9.04 on Friday. LXP Industrial Trust has a 12-month low of $8.23 and a 12-month high of $10.56. The stock’s fifty day simple moving average is $9.43 and its two-hundred day simple moving average is $9.59. The stock has a market capitalization of $2.66 billion, a PE ratio of 150.69 and a beta of 0.86. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.54 dividend on an annualized basis and a yield of 5.97%. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 866.81%.

About LXP Industrial Trust

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.