LXP Industrial Trust (NYSE:LXP) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,784,769 shares of the real estate investment trust's stock after acquiring an additional 219,728 shares during the period. Victory Capital Management Inc. owned 0.95% of LXP Industrial Trust worth $27,625,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC boosted its stake 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 purchasing an additional 1,300 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in shares of LXP Industrial Trust during the 3rd quarter worth approximately $90,000. First Trust Direct Indexing L.P. bought a new position in shares of LXP Industrial Trust in the 3rd quarter worth approximately $90,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of LXP Industrial Trust in the 4th quarter valued at approximately $112,000. Finally, Oak Thistle LLC purchased a new position in shares of LXP Industrial Trust in the 4th quarter valued at approximately $124,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded LXP Industrial Trust from a "hold" rating to a "sell" rating in a report on Friday, May 3rd.

LXP Industrial Trust Stock Down 1.4 %

NYSE:LXP traded down $0.12 during mid-day trading on Wednesday, hitting $8.65. 1,766,526 shares of the company's stock were exchanged, compared to its average volume of 2,385,277. LXP Industrial Trust has a one year low of $7.75 and a one year high of $10.75. The business has a fifty day moving average price of $8.83 and a 200 day moving average price of $8.93. The company has a market cap of $2.55 billion, a PE ratio of 216.25 and a beta of 0.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings results 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). LXP Industrial Trust had a return on equity of 0.86% and a net margin of 5.52%. The company had revenue of $83.00 million during the quarter, compared to analysts' expectations of $83.74 million. During the same quarter in the previous year, the company earned $0.17 EPS. The business's quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts predict that LXP Industrial Trust will post 0.64 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date was Wednesday, March 27th. LXP Industrial Trust's payout ratio is 1,300.00%.

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.