LXP Industrial Trust (NYSE:LXP) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 102.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,450 shares of the real estate investment trust's stock after buying an additional 68,399 shares during the period. Teacher Retirement System of Texas' holdings in LXP Industrial Trust were worth $1,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Nissay Asset Management Corp Japan ADV boosted its position in LXP Industrial Trust by 4.0% during 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 purchasing an additional 1,681 shares during the period. First Trust Advisors LP boosted its position in LXP Industrial Trust by 0.7% during the 4th quarter. First Trust Advisors LP now owns 280,970 shares of the real estate investment trust's stock worth $2,281,000 after purchasing an additional 1,896 shares during the period. Summit Investment Advisors Inc. boosted its position in LXP Industrial Trust by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,409 shares of the real estate investment trust's stock worth $247,000 after purchasing an additional 1,931 shares during the period. Diversified Trust Co boosted its position in LXP Industrial Trust by 6.9% during the 1st quarter. Diversified Trust Co now owns 32,414 shares of the real estate investment trust's stock worth $280,000 after purchasing an additional 2,103 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its position in LXP Industrial Trust by 2.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,309 shares of the real estate investment trust's stock worth $798,000 after purchasing an additional 2,688 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LXP shares. 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 report on Friday, May 2nd. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th.

LXP Industrial Trust Stock Down 1.4%

NYSE:LXP traded down $0.12 on Thursday, reaching $8.31. The stock had a trading volume of 5,083,402 shares, compared to its average volume of 2,422,984. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $8.47 and a 200 day moving average of $8.38. The stock has a market cap of $2.46 billion, a P/E ratio of 41.56 and a beta of 1.03. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.57.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting analysts' consensus estimates of $0.16. LXP Industrial Trust had a net margin of 17.63% and a return on equity of 3.13%. The company had revenue of $87.89 million during the quarter, compared to analysts' expectations of $84.72 million. During the same period in the prior year, the company posted $0.16 EPS. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.135 per share. The ex-dividend date was Monday, June 30th. This represents a $0.54 annualized dividend and a yield of 6.50%. 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.