Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 229,171 shares of the real estate investment trust's stock, valued at approximately $1,982,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of LXP Industrial Trust at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp lifted its stake in shares of LXP Industrial Trust by 4.3% during the 1st quarter. M&T Bank Corp now owns 40,529 shares of the real estate investment trust's stock worth $351,000 after acquiring an additional 1,660 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of 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 acquiring an additional 1,681 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of 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 acquiring an additional 1,896 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of 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 acquiring an additional 1,931 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in shares of 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 acquiring an additional 2,103 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.
LXP Industrial Trust Stock Down 0.1%
NYSE LXP traded down $0.01 on Friday, reaching $7.75. 3,954,723 shares of the stock traded hands, compared to its average volume of 3,737,730. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. The company has a fifty day moving average price of $8.42 and a 200-day moving average price of $8.38. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 27.68 and a beta of 1.01. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.44.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%. The business had revenue of $86.74 million for the quarter, compared to the consensus estimate of $87.25 million. During the same period last year, the business posted $0.16 EPS. The business's revenue was up 2.2% compared to the same quarter last year. As a group, research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.
LXP Industrial Trust Announces Dividend
The firm also recently announced 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. This represents a $0.54 annualized dividend and a yield of 7.0%. The ex-dividend date was Monday, June 30th. LXP Industrial Trust's payout ratio is 192.86%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on LXP shares. KeyCorp decreased their price target on 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. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th.
View Our Latest Report on LXP Industrial Trust
LXP Industrial Trust Company Profile
(
Free Report)
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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