Vanguard Group Inc. Boosts Position in LXP Industrial Trust (NYSE:LXP)

Vanguard Group Inc. boosted its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,849,663 shares of the real estate investment trust's stock after purchasing an additional 243,372 shares during the period. Vanguard Group Inc. owned about 15.57% of LXP Industrial Trust worth $372,299,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LXP. Citigroup Inc. grew its holdings in LXP Industrial Trust by 5.6% during the 3rd quarter. Citigroup Inc. now owns 391,995 shares of the real estate investment trust's stock worth $3,940,000 after acquiring an additional 20,753 shares during the period. BNP Paribas Financial Markets grew its stake in LXP Industrial Trust by 44.4% during the third quarter. BNP Paribas Financial Markets now owns 199,612 shares of the real estate investment trust's stock worth $2,006,000 after purchasing an additional 61,387 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in LXP Industrial Trust by 2.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,052 shares of the real estate investment trust's stock worth $1,367,000 after purchasing an additional 3,161 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in LXP Industrial Trust by 340.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,213,117 shares of the real estate investment trust's stock worth $22,242,000 after purchasing an additional 1,710,867 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in LXP Industrial Trust in the third quarter valued at approximately $300,000. 93.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, LXP Industrial Trust has a consensus rating of "Hold" and a consensus price target of $11.33.

LXP Industrial Trust Price Performance

NYSE LXP traded down $0.40 during trading hours on Monday, hitting $7.55. The company had a trading volume of 4,800,982 shares, compared to its average volume of 2,197,077. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 58.04 and a beta of 0.95. LXP Industrial Trust has a 52 week low of $7.45 and a 52 week high of $10.57. The firm has a 50 day simple moving average of $8.68 and a 200 day simple moving average of $8.95.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings results 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. 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%. Equities research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current 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 annualized dividend and a yield of 7.16%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust's dividend payout ratio (DPR) is currently 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.