Neo Ivy Capital Management Makes New $1.20 Million Investment in LXP Industrial Trust (NYSE:LXP)

Neo Ivy Capital Management acquired a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 147,747 shares of the real estate investment trust's stock, valued at approximately $1,199,000. Neo Ivy Capital Management owned approximately 0.05% of LXP Industrial Trust as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in LXP Industrial Trust in the fourth quarter valued at approximately $40,114,000. Aew Capital Management L P grew its holdings in 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 valued at $47,224,000 after purchasing an additional 2,445,084 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings 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 valued at $17,584,000 after purchasing an additional 1,813,280 shares during the last quarter. Sophron Capital Management L.P. acquired a new stake in LXP Industrial Trust in the fourth quarter valued at $10,874,000. Finally, Evergreen Capital Management LLC boosted 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 during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Up 0.5%

Shares of NYSE:LXP traded up $0.05 during midday trading on Thursday, reaching $8.52. The company had a trading volume of 535,306 shares, compared to its average volume of 2,270,052. The stock has a market capitalization of $2.52 billion, a P/E ratio of 65.51 and a beta of 1.02. The stock's fifty day moving average price is $8.09 and its 200-day moving average price is $8.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. LXP Industrial Trust has a one year low of $6.85 and a one year 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, 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 analysts' expectations of $84.72 million. During the same period in the previous year, the business earned $0.16 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 6.34%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust's dividend payout ratio (DPR) is presently 270.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. 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 research note on Friday, May 2nd. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

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.