LXP Industrial Trust (NYSE:LXP) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its stake in LXP Industrial Trust (NYSE:LXP) by 17.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,494 shares of the real estate investment trust’s stock after purchasing an additional 3,404 shares during the quarter. Xponance Inc.’s holdings in LXP Industrial Trust were worth $183,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. William Blair Investment Management LLC raised its stake in LXP Industrial Trust by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 4,009,976 shares of the real estate investment trust’s stock worth $32,561,000 after acquiring an additional 97,191 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of LXP Industrial Trust in the fourth quarter valued at about $221,000. Natixis Advisors LLC raised its stake in shares of LXP Industrial Trust by 23.8% in the fourth quarter. Natixis Advisors LLC now owns 296,144 shares of the real estate investment trust’s stock worth $2,405,000 after purchasing an additional 56,912 shares during the last quarter. Swiss National Bank lifted its holdings in shares of LXP Industrial Trust by 0.8% during the fourth quarter. Swiss National Bank now owns 578,900 shares of the real estate investment trust’s stock worth $4,701,000 after purchasing an additional 4,400 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in LXP Industrial Trust by 44.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 24,608 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 7,610 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $8.75 on Friday. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.57. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.59 billion, a PE ratio of 67.27 and a beta of 0.89. The business has a 50-day simple moving average of $8.69 and a 200-day simple moving average of $9.03.

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

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust’s dividend payout ratio is presently 415.38%.

LXP Industrial Trust Company Profile

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.