Teacher Retirement System of Texas Acquires 68,399 Shares of LXP Industrial Trust (NYSE:LXP)

Teacher Retirement System of Texas lifted its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 102.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,450 shares of the real estate investment trust's stock after purchasing 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 filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in LXP Industrial Trust by 14.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,650 shares of the real estate investment trust's stock worth $516,000 after buying an additional 7,577 shares in the last quarter. New York State Teachers Retirement System grew its position in LXP Industrial Trust by 0.8% during the first quarter. New York State Teachers Retirement System now owns 366,297 shares of the real estate investment trust's stock worth $3,168,000 after buying an additional 2,767 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in LXP Industrial Trust by 55.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust's stock worth $41,838,000 after buying an additional 1,733,329 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in LXP Industrial Trust by 33.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 27,319 shares of the real estate investment trust's stock worth $236,000 after buying an additional 6,800 shares in the last quarter. Finally, Diversified Trust Co grew its position in LXP Industrial Trust by 6.9% during the first quarter. Diversified Trust Co now owns 32,414 shares of the real estate investment trust's stock worth $280,000 after buying an additional 2,103 shares in the last quarter. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Stock Performance

Shares of LXP opened at $8.59 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a 50 day moving average price of $8.44 and a two-hundred day moving average price of $8.37. The firm has a market capitalization of $2.54 billion, a P/E ratio of 42.95 and a beta of 1.03. 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 (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $87.89 million during the quarter, compared to analyst estimates of $84.72 million. LXP Industrial Trust had a return on equity of 3.13% and a net margin of 17.63%. LXP Industrial Trust's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. Equities analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 6.29%. The ex-dividend date is Monday, June 30th. LXP Industrial Trust's dividend payout ratio (DPR) is 270.00%.

Wall Street Analysts Forecast Growth

LXP has been the topic of a number of research analyst reports. KeyCorp cut their price objective on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th.

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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