LXP Industrial Trust (NYSE:LXP) Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,581,895 shares of the real estate investment trust's stock after acquiring an additional 64,299 shares during the period. Invesco Ltd. owned 0.54% of LXP Industrial Trust worth $12,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in shares of LXP Industrial Trust by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust's stock worth $237,000 after buying an additional 1,365 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of LXP Industrial Trust by 0.3% in the fourth 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 during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of LXP Industrial Trust by 2.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 98,309 shares of the real estate investment trust's stock valued at $798,000 after purchasing an additional 2,688 shares during the last quarter. Blue Trust Inc. boosted its stake in 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 during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in LXP Industrial Trust by 1.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 161,651 shares of the real estate investment trust's stock valued at $1,313,000 after buying an additional 2,975 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Trading Up 0.8 %

NYSE LXP traded up $0.06 on Thursday, reaching $7.83. The stock had a trading volume of 2,616,129 shares, compared to its average volume of 2,224,636. The stock has a fifty day moving average price of $8.47 and a two-hundred day moving average price of $8.74. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.57. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 60.24 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.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly 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. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The firm had revenue of $100.85 million during the quarter, compared to the consensus estimate of $84.57 million. As a group, sell-side analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.135 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a yield of 6.90%. LXP Industrial Trust's payout ratio is 415.38%.

Analysts Set New Price Targets

Separately, JMP Securities reiterated 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 given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average 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.