LXP Industrial Trust (NYSE:LXP) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,331,857 shares of the real estate investment trust's stock after buying an additional 46,050 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.81% of LXP Industrial Trust worth $43,295,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV raised its position in shares of LXP Industrial Trust by 32.7% during the 3rd quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust's stock valued at $102,000 after buying an additional 2,504 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of LXP Industrial Trust during the 4th quarter valued at approximately $83,000. Atria Investments Inc purchased a new stake in shares of LXP Industrial Trust during the 3rd quarter valued at approximately $118,000. First Hawaiian Bank purchased a new stake in shares of LXP Industrial Trust during the 4th quarter valued at approximately $100,000. Finally, Blue Trust Inc. raised its position in shares of LXP Industrial Trust by 22.8% during the 4th quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 2,798 shares during the period. Hedge funds and other institutional investors own 93.52% of the company's stock.

Wall Street Analyst Weigh In

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

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LXP Industrial Trust Trading Down 0.8 %

LXP Industrial Trust stock traded down $0.08 during trading on Tuesday, hitting $9.10. The company had a trading volume of 2,185,221 shares, compared to its average volume of 2,026,614. The company's 50 day simple moving average is $8.53 and its 200-day simple moving average is $9.11. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 69.97 and a beta of 0.89. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 1-year low of $7.65 and a 1-year high of $10.57.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted 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 business had revenue of $100.85 million during the quarter, compared to the consensus estimate of $84.57 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.135 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.54 annualized dividend and a dividend yield of 5.94%. LXP Industrial Trust's dividend payout ratio (DPR) is 415.38%.

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.