California Public Employees Retirement System Increases Stock Holdings in LXP Industrial Trust (NYSE:LXP)

California Public Employees Retirement System boosted its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,434,314 shares of the real estate investment trust's stock after purchasing an additional 52,370 shares during the quarter. California Public Employees Retirement System owned about 0.49% of LXP Industrial Trust worth $11,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new stake in LXP Industrial Trust during the 4th quarter valued at approximately $80,000. Proficio Capital Partners LLC purchased a new position in LXP Industrial Trust during the 4th quarter valued at approximately $83,000. Wealth Advisory Solutions LLC purchased a new position in LXP Industrial Trust during the 4th quarter valued at approximately $91,000. Sequoia Financial Advisors LLC purchased a new position in LXP Industrial Trust during the 4th quarter valued at approximately $92,000. Finally, First Hawaiian Bank purchased a new position in LXP Industrial Trust during the 4th quarter valued at approximately $100,000. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Stock Down 3.6 %

NYSE LXP traded down $0.28 on Thursday, reaching $7.42. 571,300 shares of the stock traded hands, compared to its average volume of 2,199,511. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The company has a fifty day moving average price of $8.60 and a 200-day moving average price of $8.89. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 57.12 and a beta of 0.95. LXP Industrial Trust has a 12 month low of $5.26 and a 12 month high of $10.57.

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LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.18. The firm had revenue of $100.85 million during the quarter, compared to analyst estimates of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. As a group, research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.54 annualized dividend and a yield of 7.28%. LXP Industrial Trust's dividend payout ratio (DPR) is 415.38%.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $11.33.

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.