Crestline Management LP Purchases New Stake in LXP Industrial Trust (NYSE:LXP)

Crestline Management LP purchased a new stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 69,131 shares of the real estate investment trust's stock, valued at approximately $561,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. grew its holdings in shares of LXP Industrial Trust by 17.8% during the 4th quarter. Xponance Inc. now owns 22,494 shares of the real estate investment trust's stock valued at $183,000 after purchasing an additional 3,404 shares during the last quarter. Aew Capital Management L P grew its holdings in shares of LXP Industrial Trust by 72.5% during the 4th quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock valued at $47,224,000 after purchasing an additional 2,445,084 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of LXP Industrial Trust by 18.9% during the 4th 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 holdings in shares of LXP Industrial Trust by 11.1% during the 4th 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 holdings in shares of LXP Industrial Trust by 0.9% during the 4th 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. 93.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LXP shares. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. KeyCorp decreased their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $11.00.

LXP Industrial Trust Trading Up 1.2%

LXP traded up $0.10 during trading on Thursday, reaching $8.30. 517,490 shares of the company's stock were exchanged, compared to its average volume of 2,228,145. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.57. 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 stock has a market capitalization of $2.45 billion, a PE ratio of 63.89 and a beta of 1.02. The firm has a fifty day moving average price of $8.24 and a two-hundred day moving average price of $8.57.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $87.89 million for the quarter, compared to the consensus estimate of $84.72 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS. As a group, equities research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.135 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.51%. LXP Industrial Trust's dividend payout ratio (DPR) is currently 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.