Lighthouse Investment Partners LLC Has $10.76 Million Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Lighthouse Investment Partners LLC boosted its position in shares of LXP Industrial Trust (NYSE:LXP) by 14.2% during the 4th quarter, HoldingsChannel reports. The fund owned 1,325,000 shares of the real estate investment trust’s stock after buying an additional 165,000 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in LXP Industrial Trust were worth $10,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LXP. Barclays PLC increased its stake in LXP Industrial Trust by 42.1% during the third quarter. Barclays PLC now owns 502,548 shares of the real estate investment trust’s stock valued at $5,052,000 after acquiring an additional 148,852 shares during the period. First Hawaiian Bank bought a new position in LXP Industrial Trust during the fourth quarter valued at about $100,000. Shikiar Asset Management Inc. increased its stake in LXP Industrial Trust by 14.8% during the fourth quarter. Shikiar Asset Management Inc. now owns 259,700 shares of the real estate investment trust’s stock valued at $2,109,000 after acquiring an additional 33,450 shares during the period. Perpetual Ltd increased its stake in LXP Industrial Trust by 112.6% during the fourth quarter. Perpetual Ltd now owns 105,030 shares of the real estate investment trust’s stock valued at $853,000 after acquiring an additional 55,630 shares during the period. Finally, Dakota Wealth Management bought a new position in LXP Industrial Trust during the fourth quarter valued at about $160,000. 93.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LXP. KeyCorp lowered their price target on LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

LXP Industrial Trust Trading Up 1.6%

LXP stock opened at $8.22 on Monday. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57. The firm has a market cap of $2.43 billion, a P/E ratio of 63.24 and a beta of 1.02. The business’s 50 day moving average is $8.29 and its 200-day moving average is $8.58. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The company had revenue of $87.89 million for the quarter, compared to analyst estimates of $84.72 million. During the same period in the prior year, the company posted $0.16 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Equities analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.135 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.57%. LXP Industrial Trust’s dividend payout ratio is currently 270.00%.

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.