LXP Industrial Trust (NYSE:LXP) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 869.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 177,042 shares of the real estate investment trust's stock after buying an additional 158,774 shares during the quarter. International Assets Investment Management LLC owned approximately 0.06% of LXP Industrial Trust worth $17,847,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. increased its stake in LXP Industrial Trust by 180.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 2,100,000 shares of the real estate investment trust's stock worth $18,690,000 after purchasing an additional 1,350,000 shares during the period. California Public Employees Retirement System increased its stake in LXP Industrial Trust by 17.9% during the 3rd quarter. California Public Employees Retirement System now owns 1,468,327 shares of the real estate investment trust's stock worth $13,068,000 after buying an additional 222,726 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its holdings in LXP Industrial Trust by 4.5% during the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,394,400 shares of the real estate investment trust's stock worth $12,410,000 after buying an additional 60,100 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in LXP Industrial Trust by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,603,482 shares of the real estate investment trust's stock valued at $40,971,000 after buying an additional 142,286 shares during the period. Finally, Oak Thistle LLC acquired a new position in shares of LXP Industrial Trust in the fourth quarter worth $124,000. Institutional investors and hedge funds own 93.52% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut LXP Industrial Trust from a "hold" rating to a "sell" rating in a research note on Tuesday.

LXP Industrial Trust Stock Down 0.3 %

Shares of LXP traded down $0.03 during midday trading on Friday, hitting $9.07. The company had a trading volume of 2,119,391 shares, compared to its average volume of 2,326,074. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.75. The firm has a market capitalization of $2.67 billion, a P/E ratio of 113.26 and a beta of 0.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The company's 50-day simple moving average is $8.89 and its 200-day simple moving average is $8.93.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The business had revenue of $83.00 million during the quarter, compared to analysts' expectations of $83.74 million. During the same period last year, the company earned $0.17 EPS. The business's quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.52 dividend on an annualized basis and a yield of 5.73%. LXP Industrial Trust's payout ratio is currently 650.08%.

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.