XTX Topco Ltd Increases Stock Position in LXP Industrial Trust (NYSE:LXP)

XTX Topco Ltd grew its position in shares of LXP Industrial Trust (NYSE:LXP) by 56.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 73,689 shares of the real estate investment trust’s stock after purchasing an additional 26,618 shares during the quarter. XTX Topco Ltd’s holdings in LXP Industrial Trust were worth $598,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC lifted its stake in shares of LXP Industrial Trust by 2.6% in the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust’s stock worth $530,000 after acquiring an additional 1,333 shares in the last quarter. CIBC Asset Management Inc increased its holdings in LXP Industrial Trust by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 1,365 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of LXP Industrial Trust by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 30,409 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 1,931 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of LXP Industrial Trust by 0.3% during the 4th quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust’s stock valued at $7,685,000 after buying an additional 2,543 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in shares of LXP Industrial Trust by 2.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 98,309 shares of the real estate investment trust’s stock worth $798,000 after buying an additional 2,688 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Trading Up 0.5 %

NYSE:LXP opened at $7.76 on Friday. The company has a market cap of $2.29 billion, a PE ratio of 59.67 and a beta of 0.95. The business’s 50 day moving average is $8.51 and its two-hundred day moving average is $8.78. 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 52 week low of $6.85 and a 52 week high of $10.57.

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

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is 415.38%.

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.