Sophron Capital Management L.P. Takes Position in LXP Industrial Trust (NYSE:LXP)

Sophron Capital Management L.P. purchased a new stake in LXP Industrial Trust (NYSE:LXP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,339,115 shares of the real estate investment trust's stock, valued at approximately $10,874,000. LXP Industrial Trust comprises 4.3% of Sophron Capital Management L.P.'s holdings, making the stock its 8th largest holding. Sophron Capital Management L.P. owned 0.45% of LXP Industrial Trust at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LXP. Sterling Capital Management LLC boosted its holdings in shares of 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 valued at $74,000 after buying an additional 8,147 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of LXP Industrial Trust in the 4th quarter valued at approximately $80,000. Townsquare Capital LLC acquired a new stake in shares of LXP Industrial Trust in the 4th quarter valued at approximately $82,000. Proficio Capital Partners LLC acquired a new stake in shares of LXP Industrial Trust in the 4th quarter valued at approximately $83,000. Finally, Two Sigma Securities LLC acquired a new position in LXP Industrial Trust during the fourth quarter worth approximately $90,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP traded down $0.10 during mid-day trading on Friday, reaching $8.23. 3,291,669 shares of the company were exchanged, compared to its average volume of 2,266,120. The company's 50-day simple moving average is $8.13 and its 200-day simple moving average is $8.52. 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 stock has a market capitalization of $2.43 billion, a P/E ratio of 63.29 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 posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The company had revenue of $87.89 million during the quarter, compared to analysts' expectations of $84.72 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. LXP Industrial Trust's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. As a group, research analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The company 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 6.56%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's dividend payout ratio is 270.00%.

Analysts Set New Price Targets

LXP has been the topic of a number of recent analyst reports. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. 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 report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, LXP Industrial Trust currently has an average rating of "Moderate Buy" and an average target price of $11.00.

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.