New Age Alpha Advisors LLC Invests $887,000 in LXP Industrial Trust (NYSE:LXP)

New Age Alpha Advisors LLC purchased a new stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 109,229 shares of the real estate investment trust's stock, valued at approximately $887,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of LXP Industrial Trust by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 45,849,663 shares of the real estate investment trust's stock valued at $372,299,000 after buying an additional 243,372 shares in the last quarter. Geode Capital Management LLC grew its holdings in LXP Industrial Trust by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust's stock worth $74,271,000 after acquiring an additional 92,409 shares during the last quarter. Aew Capital Management L P increased its position in LXP Industrial Trust by 72.5% in 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 acquiring an additional 2,445,084 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of LXP Industrial Trust by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust's stock worth $43,295,000 after acquiring an additional 46,050 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of LXP Industrial Trust during the fourth quarter worth approximately $40,114,000. Institutional investors own 93.52% of the company's stock.

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Analysts Set New Price Targets

Separately, JMP Securities reissued 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $11.33.

LXP Industrial Trust Trading Down 4.8 %

LXP stock traded down $0.40 during midday trading on Friday, reaching $7.94. The stock had a trading volume of 5,293,792 shares, compared to its average volume of 2,186,666. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 61.08 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 quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $8.70 and a two-hundred day simple moving average of $8.98.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate 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 company had revenue of $100.85 million during the quarter, compared to analysts' expectations of $84.57 million. As a group, research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 6.80%. The ex-dividend date of this dividend is Monday, March 31st. LXP Industrial Trust's payout ratio is presently 415.38%.

About LXP Industrial Trust

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.