LXP Industrial Trust (NYSE:LXP) Shares Purchased by Meritage Portfolio Management

Meritage Portfolio Management boosted its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 45.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 478,491 shares of the real estate investment trust's stock after purchasing an additional 149,373 shares during the period. Meritage Portfolio Management owned approximately 0.16% of LXP Industrial Trust worth $4,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of LXP Industrial Trust by 65.1% in the fourth quarter. CWM LLC now owns 3,298 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,300 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in shares of LXP Industrial Trust in the third quarter valued at approximately $57,000. First Trust Direct Indexing L.P. purchased a new stake in shares of LXP Industrial Trust in the third quarter valued at approximately $90,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of LXP Industrial Trust in the third quarter valued at approximately $90,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $112,000. Institutional investors own 93.52% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded LXP Industrial Trust from a "sell" rating to a "hold" rating in a report on Thursday.

LXP Industrial Trust Stock Down 1.1 %

NYSE:LXP traded down $0.09 during trading hours on Thursday, reaching $8.45. The company's stock had a trading volume of 5,390,968 shares, compared to its average volume of 2,405,561. The company has a market capitalization of $2.49 billion, a P/E ratio of 105.64 and a beta of 0.80. LXP Industrial Trust has a 12 month low of $7.75 and a 12 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 50 day moving average price of $8.84 and a two-hundred day moving average price of $8.92.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.13). The business had revenue of $83.00 million during the quarter, compared to the consensus estimate of $83.74 million. LXP Industrial Trust had a return on equity of 1.37% and a net margin of 8.92%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. Equities analysts predict that LXP Industrial Trust will post 0.64 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend was Wednesday, March 27th. LXP Industrial Trust's dividend payout ratio (DPR) is 650.08%.

LXP Industrial Trust 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.