Frontier Capital Management Co. LLC Grows Position in LXP Industrial Trust (NYSE:LXP)

Frontier Capital Management Co. LLC lifted its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,654,081 shares of the real estate investment trust's stock after buying an additional 403,301 shares during the period. Frontier Capital Management Co. LLC owned about 1.58% of LXP Industrial Trust worth $37,791,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Xponance Inc. grew its stake in shares of LXP Industrial Trust by 17.8% in the fourth quarter. Xponance Inc. now owns 22,494 shares of the real estate investment trust's stock worth $183,000 after purchasing an additional 3,404 shares during the last quarter. Aew Capital Management L P increased its stake in shares of LXP Industrial Trust by 72.5% in the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock valued at $47,224,000 after buying an additional 2,445,084 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of LXP Industrial Trust by 18.9% in 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 buying an additional 36,336 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake 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 valued at $25,200,000 after buying 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 valued at $43,295,000 after buying an additional 46,050 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Up 1.9%

Shares of LXP traded up $0.16 during trading hours on Monday, reaching $8.38. The stock had a trading volume of 2,897,066 shares, compared to its average volume of 2,229,066. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.57. The firm has a 50-day simple moving average of $8.29 and a 200 day simple moving average of $8.58. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 64.47 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The firm had revenue of $87.89 million during the quarter, compared to analysts' expectations of $84.72 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The business's revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. Equities research analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal 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 issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's dividend payout ratio is currently 270.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LXP shares. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. KeyCorp dropped their target price on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, LXP Industrial Trust has an average rating of "Moderate Buy" and a consensus price target of $11.00.

LXP Industrial Trust 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.