Bank Of Nova Scotia Invests New $185,000 In LXP Industrial Trust (NYSE:LXP)


Bank of Nova Scotia acquired a new position in LXP Industrial Trust (NYSE:LXP – Get Rating ) in 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 worth approximately $25,000. Envestnet Asset Management Inc. lifted its holdings in LXP Industrial Trust by 49.7% in the 4th quarter. Envestnet Asset Management Inc. after purchasing an additional 31,939 shares during the period. The real estate investment trust now owns 96,178 shares worth $1,502,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted 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 buying an additional 5,751 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in LXP Industrial Trust during the 4th quarter worth about $27,000. Finally, abrdn plc lifted its stake in shares of LXP Industrial Trust by 9.1% in the fourth quarter. abrdn plc now owns 60,748 shares of the real estate investment trust’s stock valued at $949,000 after purchasing an additional 5,050 shares during the period. Hedge funds and other institutional investors own 98.07% of the company’s stock.

Wall Street analysts weigh in

Several research analysts have 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 assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.80, according to data from MarketBeat.com.

Insider buying and selling at LXP Industrial Trust

In other LXP Industrial Trust news, Director Richard Frary bought 10,000 shares of LXP Industrial Trust stock in a transaction on Monday, June 13th. The stock was acquired at an average price of $10.50 per share, with 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 Frary bought 10,000 shares of LXP Industrial Trust stock in a transaction on Monday, June 13th. The stock was acquired at an average price of $10.50 per share, with 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 stock was acquired at an average cost 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 for 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 the stock is owned by insiders.

LXP Industrial Trust stock down 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 capitalization 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 has announced a 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 a $0.48 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend was Wednesday, June 29. 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 net-leased industrial properties throughout the United States. Lexington seeks to expand its industrial portfolio through other transactions, including build-to-suit transactions, sale-leaseback transactions and acquisitions.

Special articles

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



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