LXP Industrial Trust (NYSE:LXP) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,849,663 shares of the real estate investment trust's stock after purchasing an additional 243,372 shares during the quarter. Vanguard Group Inc. owned 15.57% of LXP Industrial Trust worth $372,299,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LXP. Nomura Asset Management Co. Ltd. grew its stake in shares of LXP Industrial Trust by 0.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust's stock worth $3,679,000 after purchasing an additional 1,100 shares during the period. HighTower Advisors LLC lifted its stake 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 worth $530,000 after purchasing an additional 1,333 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of LXP Industrial Trust by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust's stock valued at $237,000 after purchasing an additional 1,365 shares during the last quarter. Rhumbline Advisers boosted its stake in LXP Industrial Trust by 0.3% during the fourth quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust's stock worth $7,685,000 after buying an additional 2,543 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in LXP Industrial Trust by 22.8% during the fourth 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 last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

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LXP Industrial Trust Stock Down 4.8 %

LXP traded down $0.40 on Friday, reaching $7.94. The company's stock had a trading volume of 5,293,792 shares, compared to its average volume of 2,183,814. The stock has a 50 day moving average of $8.70 and a two-hundred day moving average of $8.98. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week 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 company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 61.08 and a beta of 0.89.

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 for the quarter, beating the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The business had revenue of $100.85 million during the quarter, compared to the consensus estimate of $84.57 million. As a group, analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

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

Analyst Ratings Changes

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

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.