Massachusetts Financial Services Co. MA Cuts Holdings in LXP Industrial Trust (NYSE:LXP)

Massachusetts Financial Services Co. MA cut its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 21.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,091,215 shares of the real estate investment trust's stock after selling 850,008 shares during the period. Massachusetts Financial Services Co. MA owned 1.05% of LXP Industrial Trust worth $25,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in LXP Industrial Trust by 44.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 199,612 shares of the real estate investment trust's stock valued at $2,006,000 after purchasing an additional 61,387 shares during the period. Paloma Partners Management Co purchased a new position in shares of LXP Industrial Trust during the third quarter valued at about $177,000. HighTower Advisors LLC raised its stake in LXP Industrial Trust by 2.6% in the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock worth $530,000 after buying an additional 1,333 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in LXP Industrial Trust by 6.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 55,731 shares of the real estate investment trust's stock worth $560,000 after buying an additional 3,544 shares during the period. Finally, Weiss Asset Management LP bought a new stake in LXP Industrial Trust during the 3rd quarter valued at approximately $760,000. Institutional investors own 93.52% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research report 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $11.33.

LXP Industrial Trust Stock Up 1.5 %

Shares of LXP Industrial Trust stock traded up $0.11 during trading on Friday, hitting $7.54. The company's stock had a trading volume of 3,893,681 shares, compared to its average volume of 2,220,694. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.57. The company has a market capitalization of $2.23 billion, a PE ratio of 58.04 and a beta of 0.95. The company has a fifty day simple moving average of $8.57 and a two-hundred day simple moving average of $8.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

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

LXP Industrial Trust Announces Dividend

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