Bank of Nova Scotia Makes New Investment of $185,000 in LXP Industrial Trust (NYSE:LXP)


Bank of Nova Scotia acquired a new position in LXP Industrial Trust (NYSE:LXP – Get Rating ) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,772 shares of the real estate investment trust’s stock, valued at approximately $185,000.

Several other institutional investors and hedge funds have also bought and sold shares of LXP. CWM LLC purchased a new stake in LXP Industrial Trust in the 4th quarter valued at approximately $25,000. Envestnet Asset Management Inc. boosted its holdings in LXP Industrial Trust by 49.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 96,178 shares of the real estate investment trust’s stock valued at $1,502,000 after buying an additional 31,939 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in LXP Industrial Trust by 5.2% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 116,945 shares of the real estate investment trust’s stock valued at $1,808,000 after purchasing an additional 5,751 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in LXP Industrial Trust in the 4th quarter valued at approximately $27,000. Finally, abrdn plc raised its stake in shares of LXP Industrial Trust by 9.1% in the 4th quarter. abrdn plc now owns 60,748 shares of the real estate investment trust’s stock valued at $949,000 after buying an additional 5,050 shares during the period. Hedge funds and other institutional investors own 98.07% of the company’s shares.

The Wall Street analyst weighs in

A number of research analysts recently commented on LXP shares. TheStreet cut LXP Industrial Trust from a “b” rating to a “c+” rating in a research note on Thursday, May 5th. StockNews.com upgraded LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 18th. Jefferies Financial Group decreased their target price on LXP Industrial Trust from $15.50 to $14.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. Finally, Evercore ISI set a $13.00 target price on LXP Industrial Trust in a research note on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.80, according to MarketBeat.com.

Insider Buying and Selling at LXP Industrial Trust

In other LXP Industrial Trust news, Director Richard Fry bought 10,000 shares of LXP Industrial Trust stock in a transaction on Monday, June 13th. The shares were acquired at an average price of $10.50 per share, for a total value of $105,000.00. Following the acquisition, the director now owns 143,606 shares in the company, valued at $1,507,863. The purchase was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In other LXP Industrial Trust news, Director Richard Fry bought 10,000 shares of LXP Industrial Trust stock in a transaction on Monday, June 13th. The shares were acquired at an average price of $10.50 per share, for a total value of $105,000.00. Following the acquisition, the director now owns 143,606 shares in the company, valued at $1,507,863. The purchase was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Also, Director Arun Gupta bought 9,100 shares of LXP Industrial Trust stock in a transaction on Friday, June 10th. The shares were acquired at an average price of $10.88 per share, with a total value of $99,008.00. Following the acquisition, the director now owns 16,865 shares in the company, valued at approximately $183,491.20. Disclosure of this purchase can be found here. Over the last 90 days, insiders purchased 21,360 shares of company stock valued at $229,162. 2.10% of shares are owned by insiders.

Shares of LXP Industrial Trust fell 1.3%

Shares of NYSE:LXP opened at $11.03 on Friday. The stock has a fifty day simple moving average of $10.69 and a two hundred day simple moving average of $12.72. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 13.49 and a beta of 0.72. LXP Industrial Trust has a 12-month low of $9.98 and a 12-month high of $16.10. The company has a current ratio of 0.10, a quick ratio of 0.10, and a debt-to-equity ratio of 0.25.

LXP Industrial Trust announces dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.12 per share. This represents an annualized dividend of $0.48 and a yield of 4.35%. The ex-dividend date of this dividend was Wednesday, June 29th. LXP Industrial Trust’s payout ratio is 44.04%.

LXP Industrial Trust Profile

(Get Rating)

Lexington Realty Trust (NYSE: LXP ) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant leased industrial properties in the United States . Lexington seeks to expand its industrial portfolio through build-to-order transactions, sale-leaseback transactions and other transactions, including acquisitions.

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Institutional Ownership by Quarter for LXP Industrial Trust (NYSE:LXP)



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