SG Americas Securities LLC purchased a new stake in LXP Industrial Trust (NYSE:LXP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 131,537 shares of the real estate investment trust's stock, valued at approximately $1,138,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Xponance Inc. boosted its position in shares of 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 valued at $183,000 after purchasing an additional 3,404 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of LXP Industrial Trust in the fourth quarter valued at $1,199,000. Aew Capital Management L P boosted its position in shares of LXP Industrial Trust by 72.5% in 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 period. State of New Jersey Common Pension Fund D grew its holdings in shares of LXP Industrial Trust by 18.9% during 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 buying an additional 36,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in LXP Industrial Trust by 0.9% during 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 buying an additional 46,050 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on LXP. 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. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th.
View Our Latest Stock Report on LXP
LXP Industrial Trust Stock Up 0.5%
Shares of NYSE:LXP traded up $0.05 during trading on Friday, reaching $8.74. 3,675,122 shares of the company traded hands, compared to its average volume of 2,304,905. The firm has a fifty day simple moving average of $8.25 and a 200 day simple moving average of $8.41. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57. The firm has a market cap of $2.58 billion, a P/E ratio of 43.68 and a beta of 1.06.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. LXP Industrial Trust had a return on equity of 3.13% and a net margin of 17.63%. The firm had revenue of $87.89 million during the quarter, compared to analysts' expectations of $84.72 million. During the same quarter last year, the firm earned $0.16 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. Analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.
LXP Industrial Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.135 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.54 annualized dividend and a dividend yield of 6.18%. LXP Industrial Trust's payout ratio is 270.00%.
LXP Industrial Trust Company Profile
(
Free Report)
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.
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