Balyasny Asset Management L.P. Has $17.58 Million Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Balyasny Asset Management L.P. lifted its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 514.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,165,475 shares of the real estate investment trust's stock after buying an additional 1,813,280 shares during the period. Balyasny Asset Management L.P. owned approximately 0.74% of LXP Industrial Trust worth $17,584,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LXP. Xponance Inc. grew its holdings in LXP Industrial Trust by 17.8% in the 4th quarter. Xponance Inc. now owns 22,494 shares of the real estate investment trust's stock worth $183,000 after buying an additional 3,404 shares in the last quarter. Aew Capital Management L P increased its position in LXP Industrial Trust by 72.5% during the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock worth $47,224,000 after buying an additional 2,445,084 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of LXP Industrial Trust by 18.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust's stock valued at $1,859,000 after purchasing an additional 36,336 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of LXP Industrial Trust by 11.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust's stock valued at $25,200,000 after purchasing an additional 311,006 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of LXP Industrial Trust by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust's stock valued at $43,295,000 after purchasing an additional 46,050 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. KeyCorp lowered their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.00.

LXP Industrial Trust Stock Performance

LXP traded up $0.18 on Monday, reaching $8.40. The company had a trading volume of 1,835,055 shares, compared to its average volume of 2,225,280. LXP Industrial Trust has a fifty-two week low of $6.85 and a fifty-two week high of $10.57. The stock has a market cap of $2.48 billion, a P/E ratio of 64.74 and a beta of 1.02. The company's fifty day moving average is $8.29 and its 200 day moving average is $8.58. 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 results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, meeting 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 analyst estimates of $84.72 million. During the same quarter in the prior year, the business earned $0.16 EPS. LXP Industrial Trust's quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.135 per share. The ex-dividend date was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.43%. LXP Industrial Trust's payout ratio is presently 270.00%.

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.