Victory Capital Management Inc. decreased its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,496,990 shares of the real estate investment trust's stock after selling 92,350 shares during the quarter. Victory Capital Management Inc. owned 0.84% of LXP Industrial Trust worth $21,599,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of LXP Industrial Trust in the fourth quarter worth about $40,114,000. Balyasny Asset Management L.P. boosted its stake in LXP Industrial Trust by 514.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,165,475 shares of the real estate investment trust's stock worth $17,584,000 after acquiring an additional 1,813,280 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake 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 acquiring an additional 1,733,329 shares in the last quarter. Sophron Capital Management L.P. purchased a new stake in LXP Industrial Trust during the 4th quarter valued at about $10,874,000. Finally, Evergreen Capital Management LLC grew its holdings in shares of LXP Industrial Trust by 1,993.3% during the fourth quarter. Evergreen Capital Management LLC now owns 902,167 shares of the real estate investment trust's stock valued at $7,447,000 after buying an additional 859,069 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently weighed in on LXP. KeyCorp cut their price objective on 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 reiterated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th.
Read Our Latest Report on LXP Industrial Trust
LXP Industrial Trust Price Performance
NYSE LXP opened at $8.17 on Tuesday. LXP Industrial Trust has a 1 year low of $6.85 and a 1 year high of $10.57. The company has a market cap of $2.41 billion, a PE ratio of 40.83 and a beta of 1.03. 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 stock's 50-day moving average price is $8.47 and its two-hundred day moving average price is $8.38.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly 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. LXP Industrial Trust had a return on equity of 3.13% and a net margin of 17.63%. The company had revenue of $87.89 million for the quarter, compared to the consensus estimate of $84.72 million. During the same period last year, the business posted $0.16 earnings per share. The firm's revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that LXP Industrial Trust will post 0.63 EPS for the current year.
LXP Industrial Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.54 annualized dividend and a yield of 6.61%. LXP Industrial Trust's payout ratio is presently 270.00%.
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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