Kennedy Capital Management LLC acquired a new stake in LXP Industrial Trust (NYSE:LXP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 492,080 shares of the real estate investment trust's stock, valued at approximately $3,996,000. Kennedy Capital Management LLC owned about 0.17% of LXP Industrial Trust at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Xponance Inc. lifted its stake in LXP Industrial Trust by 17.8% in the fourth quarter. Xponance Inc. now owns 22,494 shares of the real estate investment trust's stock valued at $183,000 after acquiring an additional 3,404 shares during the last quarter. Jane Street Group LLC increased its position in LXP Industrial Trust by 101.3% during the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust's stock worth $5,492,000 after buying an additional 274,933 shares during the last quarter. Aew Capital Management L P raised its stake in LXP Industrial Trust by 72.5% in the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock valued at $47,224,000 after buying an additional 2,445,084 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of LXP Industrial Trust by 18.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust's stock valued at $1,859,000 after buying an additional 36,336 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of LXP Industrial Trust by 11.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust's stock worth $25,200,000 after acquiring an additional 311,006 shares during the period. 93.52% of the stock is owned by institutional investors.
LXP Industrial Trust Stock Performance
Shares of LXP stock traded up $0.01 on Tuesday, hitting $7.69. The company's stock had a trading volume of 2,650,393 shares, compared to its average volume of 2,226,934. LXP Industrial Trust has a fifty-two week low of $6.85 and a fifty-two week high of $10.57. 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 stock's 50 day moving average is $8.54 and its 200-day moving average is $8.82. The company has a market capitalization of $2.28 billion, a PE ratio of 59.19 and a beta of 0.95.
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, beating the consensus estimate of ($0.02) by $0.18. The firm had revenue of $100.85 million during the quarter, compared to analysts' expectations of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. Equities research analysts expect that LXP Industrial Trust will post 0.63 earnings per share 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. Shareholders of record on Monday, March 31st will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 7.02%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust's payout ratio is presently 415.38%.
Wall Street Analyst Weigh In
Separately, JMP Securities reiterated 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 given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.33.
Check Out Our Latest Report on LXP
LXP Industrial Trust Company Profile
(
Free Report)
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.
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