LXP Industrial Trust (NYSE:LXP) Reaches New 52-Week Low - Time to Sell?

LXP Industrial Trust (NYSE:LXP - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $7.42 and last traded at $7.51, with a volume of 164624 shares traded. The stock had previously closed at $7.94.

Analyst Ratings Changes

Separately, JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One research 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $11.33.

LXP Industrial Trust Stock Performance

The company has a market cap of $2.23 billion, a P/E ratio of 58.04 and a beta of 0.95. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock's 50-day moving average price is $8.57 and its 200 day moving average price is $8.85.

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

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LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.54 annualized dividend and a dividend yield of 7.16%. LXP Industrial Trust's dividend payout ratio is presently 415.38%.

Institutional Trading of LXP Industrial Trust

A number of hedge funds have recently bought and sold shares of LXP. Vanguard Group Inc. lifted its stake in shares of LXP Industrial Trust by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 45,849,663 shares of the real estate investment trust's stock valued at $372,299,000 after buying an additional 243,372 shares during the period. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 92,409 shares in the last quarter. Aew Capital Management L P increased its position 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 valued at $47,224,000 after purchasing an additional 2,445,084 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of LXP Industrial Trust by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust's stock valued at $43,295,000 after purchasing an additional 46,050 shares in the last quarter. Finally, Norges Bank bought a new position in LXP Industrial Trust in the fourth quarter worth $40,114,000. 93.52% of the stock is owned by institutional investors.

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.