Lawrence L. Gray Purchases 4,370 Shares of LXP Industrial Trust (NYSE:LXP) Stock

LXP Industrial Trust (NYSE:LXPGet Rating) Director Lawrence L. Gray acquired 4,370 shares of LXP Industrial Trust stock in a transaction dated Monday, May 9th. The stock was bought at an average price of $11.50 per share, for a total transaction of $50,255.00. Following the completion of the transaction, the director now directly owns 69,609 shares of the company’s stock, valued at $800,503.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE:LXP opened at $11.06 on Thursday. The firm has a market capitalization of $3.18 billion, a PE ratio of 9.14, a P/E/G ratio of 8.12 and a beta of 0.74. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.22. The business has a 50-day moving average of $14.22 and a two-hundred day moving average of $14.71. LXP Industrial Trust has a 12 month low of $10.95 and a 12 month high of $16.10.

LXP Industrial Trust (NYSE:LXPGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $80.30 million during the quarter, compared to analyst estimates of $80.69 million. LXP Industrial Trust had a return on equity of 16.80% and a net margin of 106.18%. The firm’s revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. As a group, research analysts anticipate that LXP Industrial Trust will post 0.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Thursday, March 31st were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.34%. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 39.67%.

Several hedge funds have recently bought and sold shares of LXP. CWM LLC acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC grew its stake in shares of LXP Industrial Trust by 47.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 2,060 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 660 shares in the last quarter. USA Financial Portformulas Corp acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at about $36,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of LXP Industrial Trust in the first quarter valued at about $39,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

LXP has been the topic of several recent research reports. Bank of America initiated coverage on LXP Industrial Trust in a research report on Monday, April 18th. They issued an “underperform” rating and a $14.00 price objective on the stock. TheStreet downgraded LXP Industrial Trust from a “b” rating to a “c+” rating in a research report on Thursday, May 5th. Zacks Investment Research downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, StockNews.com began coverage on LXP Industrial Trust in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.40.

LXP Industrial Trust Company Profile (Get Rating)

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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