Lasalle Investment Management Securities LLC Acquires 320,640 Shares of LXP Industrial Trust (NYSE:LXP)

Lasalle Investment Management Securities LLC boosted its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,904,962 shares of the real estate investment trust's stock after purchasing an additional 320,640 shares during the period. LXP Industrial Trust comprises 1.0% of Lasalle Investment Management Securities LLC's portfolio, making the stock its 26th biggest holding. Lasalle Investment Management Securities LLC owned about 0.99% of LXP Industrial Trust worth $23,588,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LXP. Norges Bank acquired a new stake in LXP Industrial Trust in the 4th quarter valued at $40,114,000. Aew Capital Management L P boosted 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 purchasing an additional 2,445,084 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of LXP Industrial Trust by 1,993.3% in the 4th quarter. Evergreen Capital Management LLC now owns 902,167 shares of the real estate investment trust's stock worth $7,447,000 after purchasing an additional 859,069 shares during the last quarter. Sei Investments Co. increased its position in shares of LXP Industrial Trust by 113.7% during the 4th quarter. Sei Investments Co. now owns 1,555,297 shares of the real estate investment trust's stock worth $12,629,000 after purchasing an additional 827,657 shares in the last quarter. Finally, Kennedy Capital Management LLC bought a new position in LXP Industrial Trust during the 4th quarter valued at about $3,996,000. 93.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock traded down $0.02 during trading on Friday, reaching $7.83. The company's stock had a trading volume of 746,682 shares, compared to its average volume of 2,215,414. The stock has a 50-day moving average price of $8.45 and a two-hundred day moving average price of $8.72. The stock has a market capitalization of $2.31 billion, a P/E ratio of 60.12 and a beta of 0.95. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.57.

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

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given 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 yield of 6.90%. LXP Industrial Trust's payout ratio is 415.38%.

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.