Hsbc Holdings PLC Boosts Holdings in LXP Industrial Trust (NYSE:LXP)

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

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

LXP Industrial Trust Stock Performance

Shares of LXP stock traded down $0.03 on Monday, hitting $8.13. The company had a trading volume of 965,493 shares, compared to its average volume of 2,205,641. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.57. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.40 billion, a P/E ratio of 62.50 and a beta of 0.95. The company has a 50-day moving average price of $8.37 and a 200-day moving average price of $8.64.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 EPS 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 for the quarter, compared to analyst estimates of $84.72 million. During the same quarter in the prior year, the firm posted $0.16 EPS. The business's quarterly revenue was up 3.0% compared to the same quarter last year. As a group, 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 declared 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. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust's dividend payout ratio is presently 415.38%.

Analysts Set New Price Targets

LXP has been the subject of several research reports. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday. KeyCorp lowered 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. Two investment 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 has a consensus rating of "Moderate Buy" and an average target price of $11.00.

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.