Guggenheim Capital LLC Sells 224,639 Shares of LXP Industrial Trust (NYSE:LXP)

Guggenheim Capital LLC trimmed its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 95.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,870 shares of the real estate investment trust's stock after selling 224,639 shares during the period. Guggenheim Capital LLC's holdings in LXP Industrial Trust were worth $88,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LXP. Norges Bank bought a new position in shares of LXP Industrial Trust in the 4th quarter valued at $40,114,000. Aew Capital Management L P lifted its stake in shares of LXP Industrial Trust by 72.5% in the 4th 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 acquiring an additional 2,445,084 shares during the last quarter. Sei Investments Co. lifted its stake in shares of LXP Industrial Trust by 113.7% in the 4th quarter. Sei Investments Co. now owns 1,555,297 shares of the real estate investment trust's stock valued at $12,629,000 after acquiring an additional 827,657 shares during the last quarter. Kennedy Capital Management LLC bought a new position in LXP Industrial Trust during the 4th quarter worth $3,996,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in LXP Industrial Trust by 11.1% during the 4th 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 last quarter. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Performance

LXP stock opened at $7.90 on Wednesday. The stock has a 50-day moving average price of $8.41 and a 200-day moving average price of $8.68. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57. 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 firm has a market cap of $2.33 billion, a PE ratio of 60.74 and a beta of 0.95.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The company had revenue of $100.85 million for the quarter, compared to analyst estimates of $84.57 million. As a group, equities research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 6.84%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust's dividend payout ratio (DPR) is presently 415.38%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $11.33.

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.

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