Allspring Global Investments Holdings LLC Has $242,000 Position in LXP Industrial Trust (NYSE:LXP)

Allspring Global Investments Holdings LLC reduced its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 91.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,372 shares of the real estate investment trust's stock after selling 245,353 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in LXP Industrial Trust were worth $242,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System boosted its position in shares of LXP Industrial Trust by 0.3% during the 4th quarter. New York State Teachers Retirement System now owns 512,191 shares of the real estate investment trust's stock valued at $5,081,000 after purchasing an additional 1,594 shares in the last quarter. International Assets Investment Management LLC grew its position in LXP Industrial Trust by 869.1% in the fourth quarter. International Assets Investment Management LLC now owns 177,042 shares of the real estate investment trust's stock worth $17,847,000 after buying an additional 158,774 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of LXP Industrial Trust by 13.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 851,175 shares of the real estate investment trust's stock valued at $8,571,000 after buying an additional 98,261 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of LXP Industrial Trust during the 4th quarter valued at $124,000. Finally, AlphaMark Advisors LLC boosted its stake in shares of LXP Industrial Trust by 8.4% during the 4th quarter. AlphaMark Advisors LLC now owns 28,042 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 2,177 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Trading Up 0.4 %

Shares of LXP Industrial Trust stock traded up $0.03 during trading on Friday, hitting $8.48. The stock had a trading volume of 1,688,443 shares, compared to its average volume of 2,543,478. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.75. The stock has a 50 day simple moving average of $8.83 and a 200 day simple moving average of $8.92. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.50 billion, a PE ratio of 106.00 and a beta of 0.80.

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

LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.52 dividend on an annualized basis and a yield of 6.13%. LXP Industrial Trust's payout ratio is presently 650.00%.

Wall Street Analysts Forecast Growth

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

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.