Frontier Capital Management Co. LLC Purchases 403,301 Shares of LXP Industrial Trust (NYSE:LXP)

Frontier Capital Management Co. LLC raised its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,654,081 shares of the real estate investment trust's stock after acquiring an additional 403,301 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 1.58% of LXP Industrial Trust worth $37,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Xponance Inc. lifted its position in LXP Industrial Trust by 17.8% during the fourth quarter. Xponance Inc. now owns 22,494 shares of the real estate investment trust's stock valued at $183,000 after purchasing an additional 3,404 shares in the last quarter. Aew Capital Management L P raised its stake in LXP Industrial Trust by 72.5% during the 4th quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock worth $47,224,000 after acquiring an additional 2,445,084 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in LXP Industrial Trust by 18.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust's stock valued at $1,859,000 after purchasing an additional 36,336 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of LXP Industrial Trust by 11.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust's stock worth $25,200,000 after purchasing an additional 311,006 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of LXP Industrial Trust by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust's stock worth $43,295,000 after purchasing an additional 46,050 shares in the last quarter. Institutional investors own 93.52% of the company's stock.

Analyst Ratings Changes

LXP has been the subject of a number of analyst reports. KeyCorp cut 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 reiterated a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock traded down $0.12 during trading on Wednesday, reaching $8.23. 727,596 shares of the stock traded hands, compared to its average volume of 2,229,452. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $10.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The business has a fifty day simple moving average of $8.26 and a two-hundred day simple moving average of $8.58. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 63.31 and a beta of 1.02.

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, meeting analysts' consensus estimates of $0.16. The firm had revenue of $87.89 million during the quarter, compared to the consensus estimate of $84.72 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. Sell-side analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.135 per share. The ex-dividend date was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a yield of 6.56%. LXP Industrial Trust's dividend payout ratio (DPR) is presently 270.00%.

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.