Schonfeld Strategic Advisors LLC bought a new stake 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 bought 106,140 shares of the real estate investment trust's stock, valued at approximately $862,000.
Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of LXP Industrial Trust in the fourth quarter valued at approximately $40,114,000. Aew Capital Management L P boosted its stake in LXP Industrial Trust by 72.5% during the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock valued at $47,224,000 after buying an additional 2,445,084 shares in the last quarter. Evergreen Capital Management LLC raised its position in LXP Industrial Trust by 1,993.3% in the fourth quarter. Evergreen Capital Management LLC now owns 902,167 shares of the real estate investment trust's stock worth $7,447,000 after acquiring an additional 859,069 shares in the last quarter. Sei Investments Co. boosted its position in shares of LXP Industrial Trust by 113.7% during the 4th quarter. Sei Investments Co. now owns 1,555,297 shares of the real estate investment trust's stock valued at $12,629,000 after purchasing an additional 827,657 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in LXP Industrial Trust by 60.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,850,000 shares of the real estate investment trust's stock worth $15,022,000 after buying an additional 700,000 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on LXP shares. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. KeyCorp decreased their target price on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.
Check Out Our Latest Research Report on LXP
LXP Industrial Trust Price Performance
LXP stock traded down $0.14 during trading on Wednesday, hitting $8.21. The company had a trading volume of 478,050 shares, compared to its average volume of 2,481,498. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.43 billion, a P/E ratio of 63.16 and a beta of 1.02. LXP Industrial Trust has a fifty-two week low of $6.85 and a fifty-two week high of $10.56. The company has a fifty day moving average price of $8.26 and a two-hundred day moving average price of $8.58.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The business had revenue of $87.89 million for the quarter, compared to analyst estimates of $84.72 million. During the same period in the prior year, the company earned $0.16 EPS. LXP Industrial Trust's revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.
LXP Industrial Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.135 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.58%. LXP Industrial Trust's dividend payout ratio (DPR) is presently 270.00%.
LXP Industrial Trust Profile
(
Free Report)
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.
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