Arrowstreet Capital Limited Partnership decreased its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,220,897 shares of the real estate investment trust's stock after selling 211,809 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.41% of LXP Industrial Trust worth $9,914,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Nomura Asset Management Co. Ltd. grew its stake in shares of LXP Industrial Trust by 0.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust's stock valued at $3,679,000 after buying an additional 1,100 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of LXP Industrial Trust by 2.6% during the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock valued at $530,000 after buying an additional 1,333 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of LXP Industrial Trust by 4.9% during the fourth quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 1,365 shares during the last quarter. Rhumbline Advisers grew its stake in shares of LXP Industrial Trust by 0.3% during the fourth quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust's stock valued at $7,685,000 after buying an additional 2,543 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted 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 period. Institutional investors own 93.52% of the company's stock.
LXP Industrial Trust Trading Down 2.2 %
Shares of NYSE LXP traded down $0.17 during trading hours on Thursday, reaching $7.52. The stock had a trading volume of 366,682 shares, compared to its average volume of 2,198,641. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 57.85 and a beta of 0.95. The business's fifty day moving average price is $8.60 and its two-hundred day moving average price is $8.89. LXP Industrial Trust has a 52-week low of $5.26 and a 52-week high of $10.57.
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 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 analyst estimates of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. Analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.
LXP Industrial Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued 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 yield of 7.18%. LXP Industrial Trust's dividend payout ratio is currently 415.38%.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.33.
Read Our Latest Analysis on LXP
About LXP Industrial Trust
(
Free Report)
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.
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