LXP Industrial Trust (NYSE:LXP) Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its holdings in LXP Industrial Trust by 18.5% during the first quarter, owning about 350,981 shares valued at approximately $3.04 million.
• Analysts have adjusted their price targets for LXP, with KeyCorp lowering its target from $11.00 to $10.00 while maintaining an "overweight" rating.
• LXP Industrial Trust declared a quarterly dividend of $0.135 per share, representing a yield of 6.8% with a dividend payout ratio of 192.86%.

Natixis Advisors LLC increased its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 18.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 350,981 shares of the real estate investment trust's stock after acquiring an additional 54,837 shares during the quarter. Natixis Advisors LLC owned about 0.12% of LXP Industrial Trust worth $3,036,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LXP. Cetera Investment Advisers grew its stake in LXP Industrial Trust by 4.7% in the 1st quarter. Cetera Investment Advisers now owns 31,486 shares of the real estate investment trust's stock valued at $272,000 after buying an additional 1,420 shares during the last quarter. M&T Bank Corp grew its holdings in LXP Industrial Trust by 4.3% in the 1st quarter. M&T Bank Corp now owns 40,529 shares of the real estate investment trust's stock valued at $351,000 after buying an additional 1,660 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its position in LXP Industrial Trust by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 44,019 shares of the real estate investment trust's stock worth $362,000 after buying an additional 1,681 shares during the period. First Trust Advisors LP lifted its holdings in shares of LXP Industrial Trust by 0.7% during the fourth quarter. First Trust Advisors LP now owns 280,970 shares of the real estate investment trust's stock worth $2,281,000 after buying an additional 1,896 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its position in LXP Industrial Trust by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 30,409 shares of the real estate investment trust's stock worth $247,000 after acquiring an additional 1,931 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LXP shares. KeyCorp lowered their price target 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. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th.

LXP Industrial Trust Trading Down 0.7%

Shares of NYSE LXP opened at $7.96 on Thursday. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.44. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $8.39 and a two-hundred day moving average of $8.38. The company has a market cap of $2.35 billion, a PE ratio of 28.41 and a beta of 1.01.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $86.74 million during the quarter, compared to analysts' expectations of $87.25 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%. The company's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.54 dividend on an annualized basis and a yield of 6.8%. LXP Industrial Trust's dividend payout ratio is 192.86%.

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.

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