Graham Capital Management L.P. Trims Holdings in LXP Industrial Trust (NYSE:LXP)

Graham Capital Management L.P. cut its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 77.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,862 shares of the real estate investment trust's stock after selling 140,279 shares during the quarter. Graham Capital Management L.P.'s holdings in LXP Industrial Trust were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LXP. Sterling Capital Management LLC grew its stake in shares of 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 worth $74,000 after purchasing an additional 8,147 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of LXP Industrial Trust in the 4th quarter worth about $80,000. Townsquare Capital LLC purchased a new stake in shares of LXP Industrial Trust in the 4th quarter worth about $82,000. Proficio Capital Partners LLC purchased a new stake in shares of LXP Industrial Trust in the 4th quarter worth about $83,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of LXP Industrial Trust in the 4th quarter worth about $90,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LXP. KeyCorp decreased 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 research report on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.00.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock traded down $0.10 on Friday, hitting $8.23. The company's stock had a trading volume of 3,291,669 shares, compared to its average volume of 2,266,120. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $10.57. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $8.13 and a 200-day moving average price of $8.52. The company has a market capitalization of $2.43 billion, a P/E ratio of 63.29 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its earnings results 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. The company had revenue of $87.89 million for the quarter, compared to analyst estimates of $84.72 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. On average, 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 yield of 6.56%. LXP Industrial Trust's dividend payout ratio (DPR) is 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.