Fisher Asset Management LLC Sells 661,577 Shares of LXP Industrial Trust (NYSE:LXP)

Fisher Asset Management LLC decreased its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,454,099 shares of the real estate investment trust's stock after selling 661,577 shares during the period. Fisher Asset Management LLC owned about 0.84% of LXP Industrial Trust worth $24,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in shares of LXP Industrial Trust by 65.1% during the 4th quarter. CWM LLC now owns 3,298 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,300 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in LXP Industrial Trust during the third quarter worth about $90,000. First Trust Direct Indexing L.P. purchased a new position in shares of LXP Industrial Trust in the third quarter worth about $90,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $112,000. Finally, Oak Thistle LLC purchased a new stake in shares of LXP Industrial Trust during the 4th quarter valued at approximately $124,000. 93.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of LXP Industrial Trust from a "hold" rating to a "sell" rating in a report on Friday.

LXP Industrial Trust Price Performance

NYSE LXP traded up $0.12 during trading hours on Friday, hitting $8.72. The company had a trading volume of 1,946,696 shares, compared to its average volume of 2,778,062. The firm has a 50 day simple moving average of $8.82 and a 200 day simple moving average of $8.92. LXP Industrial Trust has a 52 week low of $7.75 and a 52 week high of $10.75. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 218.05 and a beta of 0.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.27.

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 the consensus estimate of $0.17 by ($0.13). LXP Industrial Trust had a net margin of 5.52% and a return on equity of 0.86%. The firm had revenue of $83.00 million for the quarter, compared to analysts' expectations of $83.74 million. During the same period in the prior year, the firm posted $0.17 EPS. LXP Industrial Trust's revenue was up 2.3% on a year-over-year basis. Equities research analysts expect that LXP Industrial Trust will post 0.64 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently announced 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. This represents a $0.52 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Wednesday, March 27th. LXP Industrial Trust's payout ratio is 1,300.33%.

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.