SG Americas Securities LLC Buys New Shares in LXP Industrial Trust (NYSE:LXP)

SG Americas Securities LLC purchased a new stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 bought and sold shares of the company. Norges Bank purchased a new stake in shares of LXP Industrial Trust in the 4th quarter worth approximately $40,114,000. Aew Capital Management L P grew its position in shares of 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 valued at $47,224,000 after purchasing an additional 2,445,084 shares in the last quarter. Balyasny Asset Management L.P. grew its position in LXP Industrial Trust by 514.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,165,475 shares of the real estate investment trust's stock worth $17,584,000 after acquiring an additional 1,813,280 shares in the last quarter. Sophron Capital Management L.P. bought a new stake in LXP Industrial Trust in the fourth quarter worth about $10,874,000. Finally, Evergreen Capital Management LLC raised its stake in shares of LXP Industrial Trust by 1,993.3% during the fourth quarter. Evergreen Capital Management LLC now owns 902,167 shares of the real estate investment trust's stock valued at $7,447,000 after acquiring an additional 859,069 shares in the last quarter. Institutional investors own 93.52% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LXP shares. KeyCorp cut their price objective 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. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th.

LXP Industrial Trust Price Performance

NYSE:LXP traded up $0.14 during trading hours on Thursday, hitting $8.69. 3,949,807 shares of the stock were exchanged, compared to its average volume of 2,313,475. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The firm's fifty day moving average price is $8.20 and its 200 day moving average price is $8.42. The company has a market cap of $2.57 billion, a P/E ratio of 43.43 and a beta of 1.06. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $10.57.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $87.89 million during the quarter, compared to analyst estimates of $84.72 million. LXP Industrial Trust had a return on equity of 3.13% and a net margin of 17.63%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, equities research analysts anticipate that LXP Industrial Trust will post 0.63 EPS 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. Shareholders of record on Monday, June 30th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend is Monday, June 30th. LXP Industrial Trust's dividend payout ratio (DPR) is 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.