FIL Ltd Boosts Stake in LXP Industrial Trust (NYSE:LXP)

FIL Ltd increased its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 102.4% during the fourth quarter, HoldingsChannel reports. The fund owned 12,640 shares of the real estate investment trust’s stock after buying an additional 6,396 shares during the period. FIL Ltd’s holdings in LXP Industrial Trust were worth $103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LXP. Norges Bank purchased a new position in shares of LXP Industrial Trust in the 4th quarter valued at about $40,114,000. Aew Capital Management L P grew its position in LXP Industrial Trust by 72.5% during 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 during the period. Sei Investments Co. increased its holdings in LXP Industrial Trust by 113.7% in the fourth quarter. Sei Investments Co. now owns 1,555,297 shares of the real estate investment trust’s stock valued at $12,629,000 after buying an additional 827,657 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of LXP Industrial Trust by 11.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock valued at $25,200,000 after acquiring an additional 311,006 shares during the period. Finally, Jane Street Group LLC lifted its position 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 valued at $5,492,000 after acquiring an additional 274,933 shares during the period. 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 research note 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Trading Up 1.7 %

Shares of LXP Industrial Trust stock opened at $7.68 on Tuesday. LXP Industrial Trust has a 1 year low of $6.85 and a 1 year high of $10.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The business has a 50 day moving average price of $8.56 and a 200 day moving average price of $8.83. The company has a market capitalization of $2.27 billion, a P/E ratio of 59.08 and a beta of 0.95.

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

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust’s dividend payout ratio 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.