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


Bank of Nova Scotia secured a new position in Q1 LXP Industrial Trust (NYSE:LXP – Get Rated), according to the company’s most recent filing with the Securities and Exchange Commission. The firm purchased 11,772 shares of the real estate investment trust, valued at approximately $185,000.

Several other institutional investors and hedge funds also bought and sold LXP shares. CWM LLC purchased a new stake in LXP Industrial Trust worth approximately $25,000 in Q4. Envestnet Asset Management Inc. increased its stake in LXP Industrial Trust by 49.7% in Q4. After purchasing an additional 31,939 shares during the period, Envestnet Portföy Yönetimi A.Ş. owns 96,178 shares of the real estate investment trust worth $1,502,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in LXP Industrial Trust by 5.2% in Q4. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. currently owns 116,945 shares worth $1,808,000 of the real estate investment trust after purchasing an additional 5,751 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in LXP Industrial Trust worth approximately $27,000 in Q4. Finally, abrdn plc increased its stake in LXP Industrial Trust shares by 9.1% in Q4. abrdn plc owns 60,748 shares of the real estate investment trust worth $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 shares.

Wall Street Analyst Discusses

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

Insider Trading at LXP Industrial Trust

In other LXP Industrial Trust news, Director Richard Frary bought 10,000 LXP Industrial Trust shares in a transaction on Monday, June 13. The stock was purchased at an average price of $10.50 per share and a total valuation of $105,000.00. Following the acquisition, the manager owned 143,606 shares in the company worth $1,507,863. The acquisition was disclosed in a filing with the SEC, accessible via this bridge. In other LXP Industrial Trust news, Director Richard Frary bought 10,000 LXP Industrial Trust shares in a transaction on Monday, June 13. The stock was purchased at an average price of $10.50 per share and a total valuation of $105,000.00. Following the purchase, the manager owned 143,606 shares in the company worth $1,507,863. The acquisition was disclosed in a filing with the SEC, accessible via this bridge. In addition, Director Arun Gupta purchased 9,100 shares of LXP Industrial Trust in a transaction on Friday, June 10. The stock was purchased at an average cost of $10.88 per share and a total value of $99.008.00. Following the acquisition, the manager now owns 16,865 shares in the company, worth approximately $183,491.20. Description of this purchase can be found here. In the past 90 days, insiders have purchased 21,360 company shares worth $229,162. 2.10% of the stock is owned by insiders.

LXP Industrial Confidence Stock Drops 1.3%

NYSE:LXP shares opened at $11.33 on Friday. The stock’s fifty-day simple moving average is $10.69 and its two-hundred-day simple moving average is $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’s current ratio is 0.10, quick ratio is 0.10 and debt/equity ratio is 0.25.

LXP Industrial Trust Announces Dividend

The business also recently announced a quarterly dividend paid on Friday, July 15. On Thursday, June 30, record shareholders were paid a $0.12 dividend per share. That translates to $0.48 dividend and 4.35% annualized returns. The old dividend distribution date for this dividend was Wednesday, June 29. LXP Industrial Trust’s payout ratio is 44.04%.

LXP Industrial Trust Profile

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

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Quarterly Corporate Ownership for LXP Industrial Trust (NYSE:LXP)



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