Fisher Asset Management LLC Lowers Holdings in LXP Industrial Trust (NYSE:LXP)

Fisher Asset Management LLC lowered its position in LXP Industrial Trust (NYSE:LXP) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,454,099 shares of the real estate investment trust’s stock after selling 661,577 shares during the quarter. Fisher Asset Management LLC owned approximately 0.84% of LXP Industrial Trust worth $24,345,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of LXP Industrial Trust by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,603,482 shares of the real estate investment trust’s stock worth $40,971,000 after buying an additional 142,286 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in LXP Industrial Trust by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,117,651 shares of the real estate investment trust’s stock worth $36,647,000 after acquiring an additional 49,501 shares in the last quarter. Victory Capital Management Inc. increased its position in LXP Industrial Trust by 8.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,784,769 shares of the real estate investment trust’s stock valued at $27,625,000 after purchasing an additional 219,728 shares during the period. Adage Capital Partners GP L.L.C. increased its position in LXP Industrial Trust by 180.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,100,000 shares of the real estate investment trust’s stock valued at $18,690,000 after purchasing an additional 1,350,000 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of LXP Industrial Trust by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 1,477,187 shares of the real estate investment trust’s stock valued at $14,654,000 after purchasing an additional 8,860 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Trading Up 1.4 %

LXP opened at $8.72 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 218.05 and a beta of 0.82. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.75. The stock has a fifty day moving average price of $8.82 and a 200-day moving average price of $8.92.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). LXP Industrial Trust had a net margin of 5.52% and a return on equity of 0.86%. The company had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $83.74 million. During the same quarter last year, the firm earned $0.17 EPS. LXP Industrial Trust’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that LXP Industrial Trust will post 0.64 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date was Wednesday, March 27th. LXP Industrial Trust’s payout ratio is presently 1,300.33%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Friday.

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.