LXP Industrial Trust (NYSE:LXP) Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP raised its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,922,010 shares of the real estate investment trust's stock after acquiring an additional 248,509 shares during the quarter. Systematic Financial Management LP owned approximately 0.99% of LXP Industrial Trust worth $23,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Xponance Inc. boosted its position in LXP Industrial Trust by 17.8% during the fourth quarter. Xponance Inc. now owns 22,494 shares of the real estate investment trust's stock valued at $183,000 after purchasing an additional 3,404 shares in the last quarter. Aew Capital Management L P lifted its position in shares of LXP Industrial Trust by 72.5% during the fourth 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 buying an additional 2,445,084 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of LXP Industrial Trust by 18.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust's stock valued at $1,859,000 after buying an additional 36,336 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of LXP Industrial Trust by 11.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust's stock valued at $25,200,000 after buying an additional 311,006 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of LXP Industrial Trust by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust's stock worth $43,295,000 after buying an additional 46,050 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LXP shares. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. KeyCorp lowered their price target on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of "Moderate Buy" and an average price target of $11.00.

LXP Industrial Trust Stock Performance

Shares of LXP traded down $0.15 during trading hours on Tuesday, reaching $8.26. 2,103,137 shares of the company traded hands, compared to its average volume of 2,221,453. 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 business has a fifty day moving average price of $8.19 and a 200-day moving average price of $8.54. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.57. The stock has a market capitalization of $2.44 billion, a P/E ratio of 63.54 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting analysts' consensus estimates 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 period in the prior year, the company earned $0.16 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm 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 6.54%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust's payout ratio is 270.00%.

LXP Industrial Trust Company Profile

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.