Anson Funds Management LP Sells 260,325 Shares of LXP Industrial Trust (NYSE:LXP)

Anson Funds Management LP decreased its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 70.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,758 shares of the real estate investment trust's stock after selling 260,325 shares during the period. Anson Funds Management LP's holdings in LXP Industrial Trust were worth $875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sterling Capital Management LLC raised its holdings in shares of LXP Industrial Trust by 805.0% during 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 in the last quarter. Wealthfront Advisers LLC purchased a new position in LXP Industrial Trust during the 4th quarter valued at $80,000. Townsquare Capital LLC bought a new position in LXP Industrial Trust in the 4th quarter worth $82,000. Proficio Capital Partners LLC purchased a new stake in shares of LXP Industrial Trust in the 4th quarter worth about $83,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of LXP Industrial Trust in the 4th quarter worth about $90,000. Hedge funds and other institutional investors own 93.52% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday. KeyCorp reduced their target price on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, LXP Industrial Trust presently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

LXP Industrial Trust Stock Down 0.9 %

Shares of LXP Industrial Trust stock traded down $0.08 during trading on Monday, hitting $8.08. The company's stock had a trading volume of 1,716,055 shares, compared to its average volume of 2,208,286. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.57. The company has a market capitalization of $2.39 billion, a PE ratio of 62.12 and a beta of 0.95. The company has a fifty day simple moving average of $8.36 and a two-hundred day simple moving average of $8.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The business had revenue of $87.89 million for the quarter, compared to analysts' expectations of $84.72 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The business's revenue was up 3.0% compared to the same quarter last year. Equities research analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's payout ratio is 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.