William Blair Investment Management LLC Boosts Stake in LXP Industrial Trust (NYSE:LXP)

William Blair Investment Management LLC increased its position in LXP Industrial Trust (NYSE:LXP) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,009,976 shares of the real estate investment trust’s stock after buying an additional 97,191 shares during the period. William Blair Investment Management LLC’s holdings in LXP Industrial Trust were worth $32,561,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of LXP Industrial Trust by 1.3% in the third quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust’s stock worth $74,271,000 after buying an additional 92,409 shares in the last quarter. Aew Capital Management L P increased its stake 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 acquiring an additional 2,445,084 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in LXP Industrial Trust by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust’s stock worth $43,295,000 after acquiring an additional 46,050 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in LXP Industrial Trust by 11.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock worth $25,200,000 after acquiring an additional 311,006 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in LXP Industrial Trust by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,762,226 shares of the real estate investment trust’s stock worth $22,429,000 after acquiring an additional 25,784 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.33.

LXP Industrial Trust Trading Down 0.8 %

LXP opened at $9.10 on Wednesday. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 69.97 and a beta of 0.89. The stock’s 50 day moving average price is $8.55 and its 200-day moving average price is $9.10. LXP Industrial Trust has a one year low of $7.65 and a one year high of $10.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

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

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.135 per share. The ex-dividend date is Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.94%. LXP Industrial Trust’s dividend payout ratio is 415.38%.

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.