Tudor Investment Corp ET AL acquired a new stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 273,840 shares of the real estate investment trust's stock, valued at approximately $2,224,000. Tudor Investment Corp ET AL owned approximately 0.09% of LXP Industrial Trust as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Xponance Inc. grew its holdings in LXP Industrial Trust by 17.8% during the 4th quarter. Xponance Inc. now owns 22,494 shares of the real estate investment trust's stock valued at $183,000 after buying an additional 3,404 shares in the last quarter. Aew Capital Management L P grew its holdings in shares of LXP Industrial Trust by 72.5% in 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 purchasing an additional 2,445,084 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in LXP Industrial Trust by 18.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust's stock valued at $1,859,000 after purchasing an additional 36,336 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in LXP Industrial Trust by 11.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust's stock valued at $25,200,000 after purchasing an additional 311,006 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of LXP Industrial Trust by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust's stock worth $43,295,000 after buying an additional 46,050 shares during the last quarter. 93.52% of the stock is owned by institutional investors.
LXP Industrial Trust Trading Up 1.1 %
Shares of NYSE:LXP traded up $0.09 during trading on Friday, reaching $8.18. 879,911 shares of the company were exchanged, compared to its average volume of 2,215,470. The business's fifty day simple moving average is $8.31 and its 200-day simple moving average is $8.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.57. The firm has a market capitalization of $2.42 billion, a PE ratio of 62.93 and a beta of 1.02.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The company had revenue of $87.89 million for the quarter, compared to the consensus estimate of $84.72 million. During the same period last year, the business posted $0.16 EPS. LXP Industrial Trust's quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current year.
LXP Industrial Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's payout ratio is 270.00%.
Analysts Set New Price Targets
Several research analysts recently commented on the company. KeyCorp dropped their price target 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. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.00.
Check Out Our Latest Stock Report on LXP
About LXP Industrial Trust
(
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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