LXP Industrial Trust (NYSE:LXP) Stock Holdings Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,970,739 shares of the real estate investment trust's stock after purchasing an additional 32,522 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.67% of LXP Industrial Trust worth $14,989,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LXP. Sterling Capital Management LLC lifted its stake in LXP Industrial Trust by 805.0% during the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock valued at $74,000 after acquiring an additional 8,147 shares during the period. Wealthfront Advisers LLC purchased a new position in LXP Industrial Trust in the 4th quarter valued at about $80,000. Townsquare Capital LLC purchased a new position in shares of LXP Industrial Trust in the fourth quarter valued at approximately $82,000. Proficio Capital Partners LLC purchased a new position in LXP Industrial Trust in the 4th quarter valued at $83,000. Finally, Two Sigma Securities LLC purchased a new position in shares of LXP Industrial Trust in the fourth quarter worth about $90,000. Institutional investors own 93.52% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on LXP shares. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. KeyCorp reduced their price objective on 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.00.

LXP Industrial Trust Trading Down 2.8%

Shares of LXP Industrial Trust stock traded down $0.24 during mid-day trading on Friday, hitting $8.10. 276,192 shares of the stock were exchanged, compared to its average volume of 2,251,748. The company has a 50-day simple moving average of $8.14 and a 200 day simple moving average of $8.53. 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 $2.39 billion, a price-to-earnings ratio of 62.27 and a beta of 1.02. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.57.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results 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. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The company had revenue of $87.89 million during the quarter, compared to the consensus estimate of $84.72 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The company's revenue was up 3.0% compared to the same quarter last year. Research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's dividend payout ratio is presently 270.00%.

LXP Industrial Trust Company 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.