Swiss National Bank Boosts Holdings in LXP Industrial Trust (NYSE:LXP)

Swiss National Bank raised its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 578,900 shares of the real estate investment trust’s stock after buying an additional 4,400 shares during the period. Swiss National Bank owned about 0.20% of LXP Industrial Trust worth $4,701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of LXP Industrial Trust by 340.6% during the 3rd 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 during the period. Natixis Advisors LLC lifted its position in LXP Industrial Trust by 171.9% during the third quarter. Natixis Advisors LLC now owns 239,232 shares of the real estate investment trust’s stock valued at $2,404,000 after purchasing an additional 151,253 shares in the last quarter. Jane Street Group LLC increased its position in LXP Industrial Trust by 101.3% in the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust’s stock worth $5,492,000 after buying an additional 274,933 shares in the last quarter. Aew Capital Management L P increased its position in 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 worth $47,224,000 after buying an additional 2,445,084 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of LXP Industrial Trust by 18.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust’s stock worth $1,859,000 after buying an additional 36,336 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued 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 assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.33.

LXP Industrial Trust Trading Up 1.8 %

Shares of LXP stock opened at $8.88 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $9.06. The firm has a market capitalization of $2.63 billion, a PE ratio of 68.34 and a beta of 0.89. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.57.

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

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 415.38%.

LXP Industrial Trust 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.