Louisiana State Employees Retirement System Makes New $1.45 Million Investment in LXP Industrial Trust (NYSE:LXP)

Louisiana State Employees Retirement System purchased a new position in LXP Industrial Trust (NYSE:LXP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 146,400 shares of the real estate investment trust's stock, valued at approximately $1,452,000. Louisiana State Employees Retirement System owned approximately 0.05% of LXP Industrial Trust at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of LXP Industrial Trust during the fourth quarter worth about $29,910,000. State Street Corp boosted its position in shares of LXP Industrial Trust by 12.6% during the first quarter. State Street Corp now owns 17,231,555 shares of the real estate investment trust's stock worth $272,573,000 after buying an additional 1,921,716 shares during the period. Macquarie Group Ltd. boosted its position in shares of LXP Industrial Trust by 15.0% during the first quarter. Macquarie Group Ltd. now owns 13,741,004 shares of the real estate investment trust's stock worth $141,669,000 after buying an additional 1,788,043 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of 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 buying an additional 1,350,000 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of LXP Industrial Trust by 2.8% during the first quarter. Vanguard Group Inc. now owns 46,080,850 shares of the real estate investment trust's stock worth $723,469,000 after buying an additional 1,259,719 shares during the period. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Up 1.3 %

NYSE LXP traded up $0.11 during trading hours on Friday, hitting $8.58. 5,072,388 shares of the company traded hands, compared to its average volume of 2,080,671. The business's 50-day moving average is $8.86 and its 200-day moving average is $8.92. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.75. 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 stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 107.26 and a beta of 0.80.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly 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 company had revenue of $83.00 million for the quarter, compared to analyst estimates of $83.74 million. During the same period last year, the company posted $0.17 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that LXP Industrial Trust will post 0.64 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.52 annualized dividend and a yield of 6.06%. LXP Industrial Trust's dividend payout ratio (DPR) is presently 650.08%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised LXP Industrial Trust from a "sell" rating to a "hold" rating in a research report on Wednesday.

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.