LXP Industrial Trust (NYSE:LXP) Stock Position Lifted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in shares of LXP Industrial Trust (NYSE:LXP) by 44.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,608 shares of the real estate investment trust’s stock after buying an additional 7,610 shares during the period. Avantax Advisory Services Inc.’s holdings in LXP Industrial Trust were worth $200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LXP. Aew Capital Management L P increased its position in LXP Industrial Trust by 72.5% in the 4th quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust’s stock worth $47,224,000 after purchasing an additional 2,445,084 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in LXP Industrial Trust by 340.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,213,117 shares of the real estate investment trust’s stock valued at $22,242,000 after acquiring an additional 1,710,867 shares in the last quarter. Systematic Financial Management LP lifted its stake in LXP Industrial Trust by 14.3% in the third quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock valued at $26,869,000 after acquiring an additional 334,029 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in LXP Industrial Trust by 11.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock worth $25,200,000 after acquiring an additional 311,006 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of LXP Industrial Trust by 101.3% during the 3rd quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust’s stock worth $5,492,000 after purchasing an additional 274,933 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Trading Down 0.5 %

NYSE:LXP opened at $8.83 on Friday. The company’s 50 day moving average is $8.68 and its 200-day moving average is $9.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 12 month low of $7.65 and a 12 month high of $10.57. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 67.89 and a beta of 0.89.

LXP Industrial Trust (NYSE:LXP) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.18. The firm had revenue of $100.85 million for the quarter, compared to the consensus estimate of $84.57 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. Equities analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.135 per share. The ex-dividend date is Monday, March 31st. This represents a $0.54 annualized dividend and a yield of 6.12%. LXP Industrial Trust’s payout ratio is 415.38%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust has a consensus rating of “Hold” and an average target price of $11.33.

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.