Zurcher Kantonalbank Zurich Cantonalbank Buys 57,058 Shares of LXP Industrial Trust (NYSE:LXP)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,110 shares of the real estate investment trust's stock after acquiring an additional 57,058 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of LXP Industrial Trust worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LXP. Geode Capital Management LLC raised its stake in shares of LXP Industrial Trust by 1.3% during the third quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust's stock valued at $74,271,000 after acquiring an additional 92,409 shares during the last quarter. Aew Capital Management L P raised its stake in shares of LXP Industrial Trust by 72.5% during the fourth 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 acquiring an additional 2,445,084 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of LXP Industrial Trust by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust's stock valued at $43,295,000 after acquiring an additional 46,050 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of LXP Industrial Trust by 11.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust's stock valued at $25,200,000 after acquiring an additional 311,006 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of LXP Industrial Trust by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,762,226 shares of the real estate investment trust's stock valued at $22,429,000 after acquiring an additional 25,784 shares during the last quarter. Institutional investors own 93.52% of the company's stock.

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Wall Street Analyst Weigh In

Separately, JMP Securities reissued 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $11.33.

LXP Industrial Trust Stock Down 3.2 %

NYSE:LXP traded down $0.29 during trading hours on Friday, reaching $8.73. The company had a trading volume of 4,725,721 shares, compared to its average volume of 2,029,356. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 67.12 and a beta of 0.89. The business's 50-day simple moving average is $8.59 and its two-hundred day simple moving average is $9.10. LXP Industrial Trust has a twelve month low of $7.65 and a twelve month high of $10.57.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.18. The business had revenue of $100.85 million during 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%. On average, equities analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

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 issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust's dividend payout ratio is currently 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.