LXP Industrial Trust (NYSE:LXP) Shares Acquired by Amundi

Amundi grew its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 46.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 304,232 shares of the real estate investment trust's stock after buying an additional 96,282 shares during the quarter. Amundi owned 0.10% of LXP Industrial Trust worth $2,440,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LXP. KBC Group NV increased its stake in shares of LXP Industrial Trust by 32.7% during the third quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 2,504 shares during the period. Proficio Capital Partners LLC purchased a new stake in LXP Industrial Trust in the 4th quarter valued at approximately $83,000. Wealth Advisory Solutions LLC acquired a new position in LXP Industrial Trust during the 4th quarter worth approximately $91,000. Atria Investments Inc purchased a new position in shares of LXP Industrial Trust during the 3rd quarter worth approximately $118,000. Finally, First Hawaiian Bank acquired a new stake in shares of LXP Industrial Trust in the 4th quarter valued at approximately $100,000. Institutional investors and hedge funds own 93.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research note 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $11.33.

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LXP Industrial Trust Price Performance

LXP traded down $0.05 during trading on Thursday, reaching $9.03. 1,379,845 shares of the stock were exchanged, compared to its average volume of 2,021,544. LXP Industrial Trust has a 1 year low of $7.65 and a 1 year high of $10.57. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 69.43 and a beta of 0.89. The business's 50 day moving average price is $8.57 and its two-hundred day moving average price is $9.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.18. The firm had revenue of $100.85 million for the quarter, compared to analysts' expectations 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, equities research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.98%. LXP Industrial Trust's dividend payout ratio (DPR) is 415.38%.

LXP Industrial Trust Company 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.