KLP Kapitalforvaltning AS Takes $490,000 Position in LXP Industrial Trust (NYSE:LXP)

KLP Kapitalforvaltning AS acquired a new stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 59,500 shares of the real estate investment trust's stock, valued at approximately $490,000.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in LXP Industrial Trust by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust's stock worth $74,271,000 after acquiring an additional 92,409 shares during the period. Aew Capital Management L P lifted its holdings in shares of LXP Industrial Trust by 72.5% during the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock worth $47,224,000 after purchasing an additional 2,445,084 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of LXP Industrial Trust by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust's stock worth $43,295,000 after purchasing an additional 46,050 shares during the period. William Blair Investment Management LLC boosted its position in LXP Industrial Trust by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 4,009,976 shares of the real estate investment trust's stock valued at $32,561,000 after buying an additional 97,191 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in LXP Industrial Trust by 11.1% in 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 buying an additional 311,006 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

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LXP Industrial Trust Stock Performance

Shares of LXP stock traded down $0.34 on Tuesday, hitting $7.22. The company had a trading volume of 3,945,763 shares, compared to its average volume of 2,197,102. The firm has a market cap of $2.13 billion, a P/E ratio of 55.50 and a beta of 0.95. LXP Industrial Trust has a twelve month low of $7.12 and a twelve month high of $10.57. The company has a 50-day moving average price of $8.63 and a 200-day moving average price of $8.92. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings data 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. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The business had revenue of $100.85 million for the quarter, compared to analyst estimates of $84.57 million. As a group, equities research analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 7.48%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust's payout ratio is currently 415.38%.

Analyst Upgrades and Downgrades

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

LXP Industrial Trust 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.