Centersquare Investment Management LLC Has $2.88 Million Position in LXP Industrial Trust (NYSE:LXP)

Centersquare Investment Management LLC lowered its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 82.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,800 shares of the real estate investment trust's stock after selling 1,685,866 shares during the period. Centersquare Investment Management LLC owned approximately 0.12% of LXP Industrial Trust worth $2,881,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.33.

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LXP Industrial Trust Price Performance

NYSE:LXP traded down $0.08 during trading hours on Wednesday, reaching $7.14. 1,299,489 shares of the company's stock were exchanged, compared to its average volume of 2,193,930. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.11 billion, a P/E ratio of 54.89 and a beta of 0.95. LXP Industrial Trust has a 12 month low of $5.94 and a 12 month high of $10.57. The business's 50-day simple moving average is $8.63 and its two-hundred day simple moving average is $8.92.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.18. The company had revenue of $100.85 million for 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%. Sell-side analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.135 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 7.57%. LXP Industrial Trust's payout ratio is currently 415.38%.

LXP Industrial Trust Company Profile

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.