Evergreen Capital Management LLC Increases Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Evergreen Capital Management LLC raised its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 1,993.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 902,167 shares of the real estate investment trust's stock after purchasing an additional 859,069 shares during the period. Evergreen Capital Management LLC owned 0.31% of LXP Industrial Trust worth $7,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC grew its holdings in LXP Industrial Trust by 805.0% during the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock valued at $74,000 after buying an additional 8,147 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in LXP Industrial Trust during the 4th quarter worth approximately $80,000. Townsquare Capital LLC bought a new position in LXP Industrial Trust in the 4th quarter valued at $82,000. Proficio Capital Partners LLC purchased a new position in shares of LXP Industrial Trust during the 4th quarter valued at $83,000. Finally, Wealth Advisory Solutions LLC bought a new position in shares of LXP Industrial Trust in the fourth quarter worth $91,000. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Price Performance

NYSE:LXP traded up $0.16 during mid-day trading on Tuesday, reaching $7.75. The stock had a trading volume of 589,498 shares, compared to its average volume of 2,449,448. The stock has a market capitalization of $2.29 billion, a P/E ratio of 59.58 and a beta of 0.95. The firm has a 50 day moving average price of $8.50 and a two-hundred day moving average price of $8.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.56.

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 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The firm had revenue of $100.85 million during the quarter, compared to analyst estimates of $84.57 million. As a group, analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's dividend payout ratio (DPR) is presently 415.38%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, LXP Industrial Trust currently has a consensus 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.