Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 43,492 Shares of LXP Industrial Trust (NYSE:LXP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 38.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,868 shares of the real estate investment trust's stock after purchasing an additional 43,492 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of LXP Industrial Trust worth $1,274,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC purchased a new position in LXP Industrial Trust during the 4th quarter valued at approximately $80,000. Proficio Capital Partners LLC bought a new position in shares of LXP Industrial Trust during the 4th quarter valued at approximately $83,000. Wealth Advisory Solutions LLC purchased a new position in shares of LXP Industrial Trust in the fourth quarter valued at $91,000. Sequoia Financial Advisors LLC bought a new stake in LXP Industrial Trust in the fourth quarter worth $92,000. Finally, First Hawaiian Bank purchased a new stake in LXP Industrial Trust during the fourth quarter valued at $100,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

LXP Industrial Trust Trading Down 0.7 %

Shares of NYSE:LXP traded down $0.07 during trading on Friday, hitting $8.75. The company had a trading volume of 1,871,246 shares, compared to its average volume of 2,159,460. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The company has a fifty day simple moving average of $8.69 and a two-hundred day simple moving average of $9.03. LXP Industrial Trust has a one year low of $7.65 and a one year high of $10.57. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 67.27 and a beta of 0.89.

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

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Monday, March 31st. LXP Industrial Trust's dividend payout ratio is presently 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.