Systematic Financial Management LP Purchases 248,509 Shares of LXP Industrial Trust (NYSE:LXP)

Systematic Financial Management LP raised its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,922,010 shares of the real estate investment trust's stock after purchasing an additional 248,509 shares during the quarter. Systematic Financial Management LP owned 0.99% of LXP Industrial Trust worth $23,727,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in LXP Industrial Trust by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust's stock valued at $237,000 after purchasing an additional 1,365 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of LXP Industrial Trust by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 44,019 shares of the real estate investment trust's stock worth $362,000 after acquiring an additional 1,681 shares during the last quarter. First Trust Advisors LP raised its position in shares of LXP Industrial Trust by 0.7% during the fourth quarter. First Trust Advisors LP now owns 280,970 shares of the real estate investment trust's stock worth $2,281,000 after acquiring an additional 1,896 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of LXP Industrial Trust by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 30,409 shares of the real estate investment trust's stock worth $247,000 after acquiring an additional 1,931 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of LXP Industrial Trust by 0.3% during the fourth quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust's stock worth $7,685,000 after acquiring an additional 2,543 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LXP. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. KeyCorp decreased their target price on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust has an average rating of "Moderate Buy" and a consensus target price of $11.00.

LXP Industrial Trust Trading Up 1.0%

NYSE LXP traded up $0.09 during trading hours on Thursday, hitting $8.36. 4,491,517 shares of the company's stock were exchanged, compared to its average volume of 2,248,436. The stock has a 50-day simple moving average of $8.16 and a 200 day simple moving average of $8.54. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 64.27 and a beta of 1.02. 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 (NYSE:LXP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 EPS 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 firm had revenue of $87.89 million during the quarter, compared to analysts' expectations of $84.72 million. During the same quarter last year, the firm posted $0.16 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed 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 was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a yield of 6.46%. LXP Industrial Trust's dividend payout ratio (DPR) is presently 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.