Vanguard Group Inc. Acquires 243,372 Shares of LXP Industrial Trust (NYSE:LXP)

Vanguard Group Inc. grew its holdings in LXP Industrial Trust (NYSE:LXP) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,849,663 shares of the real estate investment trust’s stock after acquiring an additional 243,372 shares during the period. Vanguard Group Inc. owned 15.57% of LXP Industrial Trust worth $372,299,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. increased its holdings in shares of LXP Industrial Trust by 0.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust’s stock valued at $3,679,000 after acquiring an additional 1,100 shares during the last quarter. HighTower Advisors LLC grew its holdings in LXP Industrial Trust by 2.6% during the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust’s stock valued at $530,000 after purchasing an additional 1,333 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of LXP Industrial Trust by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 1,365 shares during the period. Rhumbline Advisers lifted its stake in shares of LXP Industrial Trust by 0.3% in the fourth quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust’s stock worth $7,685,000 after buying an additional 2,543 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of LXP Industrial Trust by 22.8% during the 4th quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 2,798 shares during the period. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Up 0.7 %

Shares of LXP stock opened at $8.73 on Thursday. LXP Industrial Trust has a 12 month low of $7.65 and a 12 month 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 firm has a market cap of $2.58 billion, a PE ratio of 67.16 and a beta of 0.89. The stock has a 50 day moving average of $8.71 and a 200-day moving average of $9.00.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS 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 analysts’ expectations of $84.57 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. On average, equities analysts predict that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 6.19%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 415.38%.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, LXP Industrial Trust presently has a consensus rating of “Hold” and a consensus price target 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.