Legal & General Group Plc trimmed its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,159,140 shares of the real estate investment trust's stock after selling 71,753 shares during the quarter. Legal & General Group Plc owned 0.73% of LXP Industrial Trust worth $17,532,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its stake in LXP Industrial Trust by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock valued at $530,000 after buying an additional 1,333 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of LXP Industrial Trust by 4.9% during the fourth quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust's stock valued at $237,000 after acquiring an additional 1,365 shares during the period. Rhumbline Advisers boosted its stake in shares of LXP Industrial Trust by 0.3% in the 4th quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust's stock valued at $7,685,000 after purchasing an additional 2,543 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of LXP Industrial Trust by 2.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,309 shares of the real estate investment trust's stock worth $798,000 after purchasing an additional 2,688 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of LXP Industrial Trust by 22.8% during the fourth quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust's stock worth $123,000 after buying an additional 2,798 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.
LXP Industrial Trust Price Performance
Shares of LXP traded up $0.04 during mid-day trading on Friday, hitting $7.76. 2,754,228 shares of the company traded hands, compared to its average volume of 2,230,954. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 59.67 and a beta of 0.95. The business has a 50-day moving average of $8.51 and a 200 day moving average of $8.78. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.57.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its earnings results 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. The company 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%. As a group, equities 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust's dividend payout ratio (DPR) is 415.38%.
Analysts Set New Price Targets
Separately, JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $11.33.
Read Our Latest Stock Analysis 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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