William Blair Investment Management LLC Buys 97,191 Shares of LXP Industrial Trust (NYSE:LXP)

William Blair Investment Management LLC grew its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,009,976 shares of the real estate investment trust's stock after purchasing an additional 97,191 shares during the quarter. William Blair Investment Management LLC owned approximately 1.36% of LXP Industrial Trust worth $32,561,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Atria Investments Inc purchased a new stake in LXP Industrial Trust in the third quarter worth $118,000. KBC Group NV lifted its stake in LXP Industrial Trust by 32.7% in the third quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 2,504 shares during the period. Metis Global Partners LLC lifted its stake in LXP Industrial Trust by 31.9% in the third quarter. Metis Global Partners LLC now owns 30,311 shares of the real estate investment trust's stock worth $305,000 after acquiring an additional 7,326 shares during the period. Natixis Advisors LLC lifted its stake in LXP Industrial Trust by 171.9% in the third quarter. Natixis Advisors LLC now owns 239,232 shares of the real estate investment trust's stock worth $2,404,000 after acquiring an additional 151,253 shares during the period. Finally, Intech Investment Management LLC lifted its stake in LXP Industrial Trust by 97.1% in the third quarter. Intech Investment Management LLC now owns 125,196 shares of the real estate investment trust's stock worth $1,258,000 after acquiring an additional 61,682 shares during the period. Hedge funds and other institutional investors own 93.52% of the company's stock.

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LXP Industrial Trust Stock Down 3.2 %

LXP Industrial Trust stock traded down $0.29 on Friday, hitting $8.73. 4,867,495 shares of the stock traded hands, compared to its average volume of 2,028,151. 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 firm has a market cap of $2.58 billion, a P/E ratio of 67.12 and a beta of 0.89. The business's fifty day simple moving average is $8.61 and its 200 day simple moving average is $9.09. LXP Industrial Trust has a 1 year low of $7.65 and a 1 year high of $10.57.

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 the consensus estimate of ($0.02) by $0.18. The business had revenue of $100.85 million during 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, sell-side analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.135 per share. The ex-dividend date is Monday, March 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.19%. LXP Industrial Trust's payout ratio is presently 415.38%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, LXP Industrial Trust has a consensus rating of "Hold" and a consensus price target of $11.33.

LXP Industrial Trust 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.