Natixis Advisors LLC boosted its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 23.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 296,144 shares of the real estate investment trust's stock after purchasing an additional 56,912 shares during the quarter. Natixis Advisors LLC owned approximately 0.10% of LXP Industrial Trust worth $2,405,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of LXP Industrial Trust by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust's stock worth $3,679,000 after buying an additional 1,100 shares in the last quarter. HighTower Advisors LLC increased its holdings in LXP Industrial Trust by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock valued at $530,000 after acquiring an additional 1,333 shares during the last quarter. CIBC Asset Management Inc lifted its stake in LXP Industrial Trust by 4.9% in the 4th quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 1,365 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of LXP Industrial Trust by 0.3% during the 4th quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust's stock valued at $7,685,000 after purchasing an additional 2,543 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of LXP Industrial Trust by 22.8% during the 4th quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 2,798 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.33.
View Our Latest Stock Analysis on LXP Industrial Trust
LXP Industrial Trust Price Performance
LXP Industrial Trust stock traded down $0.05 during mid-day trading on Thursday, reaching $8.83. 2,191,404 shares of the company's stock traded hands, compared to its average volume of 2,029,155. LXP Industrial Trust has a 12-month low of $7.65 and a 12-month high of $10.57. 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 stock has a 50 day moving average of $8.66 and a two-hundred day moving average of $9.05. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 67.89 and a beta of 0.89.
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 (EPS) for the quarter, beating the consensus estimate 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%. Equities analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current year.
LXP Industrial Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust's dividend payout ratio (DPR) is 415.38%.
LXP Industrial Trust Profile
(
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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