LXP Industrial Trust (NYSE:LXP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,242,979 shares of the real estate investment trust's stock after selling 92,885 shares during the period. Dimensional Fund Advisors LP owned 1.44% of LXP Industrial Trust worth $34,454,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LXP. Sterling Capital Management LLC lifted its stake in LXP Industrial Trust by 805.0% in 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 buying an additional 8,147 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in LXP Industrial Trust in the 4th quarter valued at $80,000. Townsquare Capital LLC acquired a new stake in LXP Industrial Trust during the 4th quarter worth $82,000. Proficio Capital Partners LLC purchased a new position in LXP Industrial Trust during the 4th quarter worth $83,000. Finally, Wealth Advisory Solutions LLC acquired a new position in LXP Industrial Trust in the fourth quarter valued at $91,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

LXP Industrial Trust Stock Performance

NYSE LXP traded up $0.13 during trading hours on Friday, hitting $8.22. 2,490,813 shares of the stock were exchanged, compared to its average volume of 2,226,383. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.57. The stock has a 50-day moving average of $8.29 and a 200 day moving average of $8.59. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 63.24 and a beta of 1.02. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

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

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued 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 6.57%. LXP Industrial Trust's dividend payout ratio is presently 270.00%.

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.