Sophron Capital Management L.P. Makes New Investment in LXP Industrial Trust (NYSE:LXP)

Sophron Capital Management L.P. bought a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,339,115 shares of the real estate investment trust's stock, valued at approximately $10,874,000. LXP Industrial Trust comprises about 4.3% of Sophron Capital Management L.P.'s holdings, making the stock its 8th largest position. Sophron Capital Management L.P. owned 0.45% of LXP Industrial Trust at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC raised its stake in LXP Industrial Trust by 805.0% during the fourth 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 during the last quarter. Wealthfront Advisers LLC bought a new position in LXP Industrial Trust during the fourth quarter worth $80,000. Townsquare Capital LLC bought a new position in LXP Industrial Trust during the fourth quarter worth $82,000. Proficio Capital Partners LLC bought a new position in LXP Industrial Trust during the fourth quarter worth $83,000. Finally, Two Sigma Securities LLC bought a new position in LXP Industrial Trust during the fourth quarter worth $90,000. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Stock Up 0.7%

LXP traded up $0.06 during midday trading on Thursday, hitting $8.33. The company had a trading volume of 6,323,522 shares, compared to its average volume of 2,259,138. 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 company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 64.08 and a beta of 1.02. The stock's 50 day moving average price is $8.16 and its 200 day moving average price is $8.54.

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 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $87.89 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's payout ratio is presently 270.00%.

Analysts Set New Price Targets

LXP has been the subject of a number of analyst reports. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. KeyCorp decreased their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, LXP Industrial Trust currently has a consensus rating of "Moderate Buy" and an average price target of $11.00.

About LXP Industrial Trust

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.