Van Lanschot Kempen Investment Management N.V. Makes New $4.44 Million Investment in LXP Industrial Trust (NYSE:LXP)

Van Lanschot Kempen Investment Management N.V. bought a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 546,740 shares of the real estate investment trust's stock, valued at approximately $4,440,000. Van Lanschot Kempen Investment Management N.V. owned 0.19% of LXP Industrial Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its holdings in LXP Industrial Trust by 805.0% in the fourth quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock valued at $74,000 after acquiring an additional 8,147 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of LXP Industrial Trust in the 4th quarter valued at $80,000. Townsquare Capital LLC acquired a new stake in shares of LXP Industrial Trust during the fourth quarter worth $82,000. Proficio Capital Partners LLC bought a new position in LXP Industrial Trust during the fourth quarter worth $83,000. Finally, Wealth Advisory Solutions LLC bought a new position in LXP Industrial Trust during the fourth quarter worth $91,000. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Stock Down 0.1 %

LXP Industrial Trust stock traded down $0.01 during midday trading on Friday, reaching $7.83. The stock had a trading volume of 1,688,867 shares, compared to its average volume of 2,218,929. The company has a fifty day moving average price of $8.45 and a two-hundred day moving average price of $8.72. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.57. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.32 billion, a P/E ratio of 60.24 and a beta of 0.95.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.18. The company had revenue of $100.85 million for the quarter, compared to analyst estimates of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. As a group, equities analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.135 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.54 annualized dividend and a yield of 6.90%. LXP Industrial Trust's payout ratio is 415.38%.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.33.

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.