Raymond James Financial Inc. Makes New $359,000 Investment in LXP Industrial Trust (NYSE:LXP)

Raymond James Financial Inc. acquired a new stake in LXP Industrial Trust (NYSE:LXP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 44,213 shares of the real estate investment trust's stock, valued at approximately $359,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in LXP Industrial Trust during the fourth quarter valued at approximately $83,000. Wealth Advisory Solutions LLC bought a new position in shares of LXP Industrial Trust during the fourth quarter worth $91,000. First Hawaiian Bank acquired a new position in shares of LXP Industrial Trust in the 4th quarter valued at $100,000. KBC Group NV increased its position in shares of LXP Industrial Trust by 30.6% in the 4th quarter. KBC Group NV now owns 13,283 shares of the real estate investment trust's stock valued at $108,000 after buying an additional 3,113 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in 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 worth $123,000 after buying an additional 2,798 shares during the period. 93.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.33.

Remove Ads

LXP Industrial Trust Stock Down 0.2 %

Shares of NYSE LXP traded down $0.01 during trading hours on Tuesday, hitting $7.67. The company had a trading volume of 149,499 shares, compared to its average volume of 2,216,026. The stock has a market capitalization of $2.27 billion, a P/E ratio of 58.97 and a beta of 0.95. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57. The firm's 50 day moving average is $8.56 and its 200-day moving average is $8.83. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 EPS 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 company had revenue of $100.85 million during the quarter, compared to the consensus estimate of $84.57 million. On average, analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm 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 $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 7.04%. The ex-dividend date of this dividend is Monday, March 31st. LXP Industrial Trust's dividend payout ratio (DPR) 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.