Graham Capital Management L.P. Sells 140,279 Shares of LXP Industrial Trust (NYSE:LXP)

Graham Capital Management L.P. reduced its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 77.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in LXP. Sterling Capital Management LLC lifted its position in LXP Industrial Trust by 805.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock worth $74,000 after buying an additional 8,147 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of LXP Industrial Trust in the fourth quarter worth $80,000. Townsquare Capital LLC purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth $82,000. Proficio Capital Partners LLC acquired a new stake in LXP Industrial Trust during the fourth quarter valued at $83,000. Finally, Two Sigma Securities LLC purchased a new position in LXP Industrial Trust in the fourth quarter valued at about $90,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock traded up $0.01 during mid-day trading on Wednesday, reaching $8.28. The company had a trading volume of 5,913,395 shares, compared to its average volume of 2,236,161. 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 market cap of $2.45 billion, a price-to-earnings ratio of 63.66 and a beta of 1.02. The company has a 50 day moving average of $8.18 and a 200-day moving average of $8.54. 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 released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts' expectations of $84.72 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm's revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's payout ratio is presently 270.00%.

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.