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LXP Industrial Trust is acquired by the State of New Jersey Common Pension Fund D for a total of 12,946 shares (NYSE:LXP)

LXP Industrial Trust is acquired by the State of New Jersey Common Pension Fund D for a total of 12,946 shares (NYSE:LXP)

The most recent filing that the company made with the Securities and Exchange Commission revealed that during the third quarter, the State of New Jersey Common Pension Fund D increased its holdings in LXP Industrial Trust (NYSE: LXP) by 6.0%. This information was obtained from the company’s filing, which was completed earlier. The institutional investor finished the period with 228,329 shares of the real estate investment trust’s stock. This was accomplished by the investor purchasing an additional 12,946 shares during the month. According to the most recent filing with the SEC, the State of New Jersey Common Pension Fund D possesses ownership interests in approximately 0.08% of LXP Industrial Trust, which is currently valued at $2,091,000.

In recent months, several additional large investors have changed the interests they already hold in the company, and various investors have made these changes. TCW Group Inc. made a new investment in LXP Industrial Trust during the third quarter, and the total investment was close to $1,286,000. During the third quarter, Handelsbanken Fonder AB was able to amass an additional 13.7% of the total number of shares that make up LXP Industrial Trust. Following the acquisition of a further 6,900 shares during the most recent quarter, Handelsbanken Fonder AB now holds a total of 57,415 shares of the real estate investment trust, collectively worth an amount equal to $526,000. During the third quarter, the investment portfolio managed by Shikiar Asset Management Inc. increased the percentage of its holdings that were invested in LXP Industrial Trust by 2.7%. Shikiar Asset Management Inc. now has 644,360 shares of the real estate investment trust’s stock in its possession after purchasing an additional 17,125 shares during the most recent quarter. The value of these shares on the market as of right now is $5,902,000. Mizuho Securities USA LLC made a new investment of approximately 135,000 dollars in LXP Industrial Trust during the third quarter to acquire a new stake in the company.

And last but not least, during the third quarter, Foundry Partners LLC increased its holdings in this investment vehicle by 3.2% by purchasing additional shares of LXP Industrial Trust. Foundry Partners LLC now has 282,835 real estate investment trust shares due to purchasing an additional 8,641 shares during the most recent quarter. The value of all of Foundry Partners LLC’s shares of the REIT comes to a combined total of $2,591,000. 97.53% of the company’s shares are held in institutional portfolios, including those of hedge funds and other institutional investors.

Several equity analysts have shared their thoughts and opinions on the company. On October 12th, a research note was published on StockNews.com that signified the beginning of that website’s coverage of LXP Industrial Trust. They advised their clients to “hold” the stock moving forward. The rating for LXP Industrial Trust was lowered from “b-” to “c” in a research note published by TheStreet on December 30th, bringing the rating to its current level.

On Thursday, LXP shares were traded for the first time, and the opening price for those shares was $11.19. The company has a price-to-earnings ratio of 9.64, a price-to-earnings-to-growth ratio of 16.06, and a beta value of 0.76; its market capitalization is $3.06 billion; the ratio of price to earnings to growth is 16.06. During the past 52 weeks, the price of LXP Industrial Trust has ranged from an all-time low of $8.81 to an all-time high of $16.10. The company’s moving average price over the past 50 days is $10.50, and its moving average price over the past 200 days is $10.25. A debt-to-equity ratio comes in at 0.26; a quick ratio comes in at 0.09; a current ratio comes in at 0.09; and a quick ratio comes in at 0.09.

In addition, the company distributed a dividend that was declared for the preceding quarter on January 17th and was paid out. On Friday, December 30th, a dividend payment of $0.125 was made to shareholders who recorded holders as of the previous business day. This payment was made to shareholders who were eligible for the dividend. This represents an increase compared to the previous quarterly dividend amount of $0.12 distributed by LXP Industrial Trust. Consequently, the dividend payment will be fifty cents per year, and the dividend yield will be four and a half percent. Thursday, December 29th, was the day that the dividend was disbursed; that day was also the month of December. 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.

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