LXP Industrial Trust (NYSE:LXP) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 24.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 288,826 shares of the real estate investment trust's stock after buying an additional 57,597 shares during the quarter. Hsbc Holdings PLC owned 0.10% of LXP Industrial Trust worth $2,343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in LXP Industrial Trust by 42.1% during the 3rd quarter. Barclays PLC now owns 502,548 shares of the real estate investment trust's stock valued at $5,052,000 after acquiring an additional 148,852 shares during the period. First Hawaiian Bank bought a new stake in LXP Industrial Trust during the 4th quarter valued at $100,000. Shikiar Asset Management Inc. boosted its stake in shares of LXP Industrial Trust by 14.8% during the fourth quarter. Shikiar Asset Management Inc. now owns 259,700 shares of the real estate investment trust's stock valued at $2,109,000 after purchasing an additional 33,450 shares in the last quarter. Perpetual Ltd lifted its holdings in LXP Industrial Trust by 112.6% during the fourth quarter. Perpetual Ltd now owns 105,030 shares of the real estate investment trust's stock worth $853,000 after buying an additional 55,630 shares during the period. Finally, Dakota Wealth Management bought a new stake in LXP Industrial Trust during the 4th quarter valued at $160,000. Institutional investors own 93.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday. KeyCorp decreased their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.00.

LXP Industrial Trust Stock Down 0.6 %

Shares of LXP traded down $0.05 during midday trading on Tuesday, hitting $8.02. 187,484 shares of the company's stock traded hands, compared to its average volume of 2,200,487. LXP Industrial Trust has a 1 year low of $6.85 and a 1 year high of $10.57. The firm's fifty day moving average is $8.36 and its 200-day moving average is $8.63. 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 stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 61.74 and a beta of 1.02.

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 for the quarter, hitting the consensus estimate of $0.16. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The business had revenue of $87.89 million during the quarter, compared to the consensus estimate of $84.72 million. During the same quarter last year, the company earned $0.16 earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.74%. LXP Industrial Trust's dividend payout ratio is currently 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.