Resona Asset Management Co. Ltd. bought a new stake in LXP Industrial Trust (NYSE:LXP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 116,917 shares of the real estate investment trust's stock, valued at approximately $960,000.
Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its position in shares of LXP Industrial Trust by 2.6% in the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock valued at $530,000 after purchasing an additional 1,333 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of LXP Industrial Trust by 3.9% in the third quarter. Wellington Management Group LLP now owns 2,650,679 shares of the real estate investment trust's stock worth $26,639,000 after acquiring an additional 98,437 shares during the last quarter. Jane Street Group LLC lifted its position in shares of LXP Industrial Trust by 101.3% in the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust's stock valued at $5,492,000 after acquiring an additional 274,933 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of LXP Industrial Trust during the third quarter valued at $473,000. Finally, Orion Portfolio Solutions LLC increased its position in LXP Industrial Trust by 16.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 95,621 shares of the real estate investment trust's stock worth $961,000 after purchasing an additional 13,301 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $11.33.
View Our Latest Report on LXP
LXP Industrial Trust Stock Performance
Shares of LXP stock traded up $0.01 on Tuesday, hitting $7.69. 1,446,173 shares of the stock traded hands, compared to its average volume of 2,221,010. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57. The company's fifty day moving average is $8.56 and its 200 day moving average is $8.83. The company has a market capitalization of $2.27 billion, a PE ratio of 59.16 and a beta of 0.95.
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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.18. The firm had revenue of $100.85 million during the quarter, compared to analyst estimates 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 research analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.
LXP Industrial Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust's payout ratio is currently 415.38%.
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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