Lighthouse Investment Partners LLC grew its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 14.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,325,000 shares of the real estate investment trust's stock after acquiring an additional 165,000 shares during the period. Lighthouse Investment Partners LLC owned 0.45% of LXP Industrial Trust worth $10,759,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC grew its stake in LXP Industrial Trust by 805.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock worth $74,000 after acquiring an additional 8,147 shares in the last quarter. Wealthfront Advisers LLC bought a new position in LXP Industrial Trust in the 4th quarter worth about $80,000. Townsquare Capital LLC bought a new position in LXP Industrial Trust in the 4th quarter worth about $82,000. Proficio Capital Partners LLC bought a new position in LXP Industrial Trust in the 4th quarter worth about $83,000. Finally, Two Sigma Securities LLC bought a new position in LXP Industrial Trust in the 4th quarter worth about $90,000. 93.52% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
LXP has been the topic of a number of recent research reports. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. KeyCorp dropped their price objective on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $11.00.
Check Out Our Latest Research Report on LXP
LXP Industrial Trust Stock Up 0.5%
Shares of NYSE LXP traded up $0.05 during midday trading on Friday, reaching $8.40. 1,852,092 shares of the company's stock traded hands, compared to its average volume of 2,224,063. 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 stock's 50 day simple moving average is $8.20 and its 200-day simple moving average is $8.55. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.57. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 64.58 and a beta of 1.02.
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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The firm had revenue of $87.89 million for the quarter, compared to the consensus estimate of $84.72 million. During the same period last year, the firm earned $0.16 earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.
LXP Industrial Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.135 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.54 annualized dividend and a yield of 6.43%. LXP Industrial Trust's dividend payout ratio (DPR) is 270.00%.
About LXP Industrial Trust
(
Free Report)
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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