LXP Industrial Trust (NYSE:LXP) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 113.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,555,297 shares of the real estate investment trust's stock after acquiring an additional 827,657 shares during the period. Sei Investments Co. owned approximately 0.53% of LXP Industrial Trust worth $12,629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in LXP Industrial Trust by 340.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,213,117 shares of the real estate investment trust's stock worth $22,242,000 after purchasing an additional 1,710,867 shares in the last quarter. Xponance Inc. grew its position in shares of LXP Industrial Trust by 17.8% in the 4th quarter. Xponance Inc. now owns 22,494 shares of the real estate investment trust's stock worth $183,000 after buying an additional 3,404 shares during the last quarter. Jane Street Group LLC grew its holdings in LXP Industrial Trust by 101.3% in the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust's stock worth $5,492,000 after purchasing an additional 274,933 shares during the last quarter. Aew Capital Management L P increased its position in LXP Industrial Trust by 72.5% during the 4th 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 buying an additional 2,445,084 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of LXP Industrial Trust by 18.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust's stock valued at $1,859,000 after purchasing an additional 36,336 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.

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LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock traded down $0.39 during trading hours on Thursday, reaching $8.34. The stock had a trading volume of 3,063,179 shares, compared to its average volume of 2,170,900. The stock's 50 day moving average is $8.71 and its 200 day moving average is $9.00. The firm has a market capitalization of $2.46 billion, a PE ratio of 64.12 and a beta of 0.89. LXP Industrial Trust has a twelve month low of $7.65 and a twelve month high of $10.57. The company has a current ratio of 0.16, a quick 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 results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates 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%. Equities analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Monday, March 31st. LXP Industrial Trust's payout ratio is presently 415.38%.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated 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 issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.33.

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.