LXP Industrial Trust (NYSE:LXP) Director Purchases $25,166.10 in Stock

LXP Industrial Trust (NYSE:LXPGet Rating) Director Lawrence L. Gray bought 2,235 shares of the stock in a transaction dated Wednesday, May 11th. The shares were purchased at an average cost of $11.26 per share, for a total transaction of $25,166.10. Following the completion of the transaction, the director now directly owns 71,844 shares of the company’s stock, valued at $808,963.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of LXP Industrial Trust stock opened at $11.06 on Thursday. LXP Industrial Trust has a 1 year low of $10.95 and a 1 year high of $16.10. The firm has a market cap 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 stock has a fifty day moving average price of $14.22 and a 200-day moving average price of $14.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.22.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Thursday, March 31st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Wednesday, March 30th. LXP Industrial Trust’s dividend payout ratio is presently 39.67%.

A number of brokerages have recently weighed in on LXP. TheStreet lowered LXP Industrial Trust from a “b” rating to a “c+” rating in a research report on Thursday, May 5th. Zacks Investment Research lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Thursday. Bank of America began coverage on LXP Industrial Trust in a research report on Monday, April 18th. They issued an “underperform” rating and a $14.00 price target for the company. Finally, StockNews.com began coverage on LXP Industrial Trust in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.40.

Several institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of LXP Industrial Trust by 6.9% during the 4th quarter. State Street Corp now owns 15,309,839 shares of the real estate investment trust’s stock valued at $240,960,000 after purchasing an additional 991,811 shares during the last quarter. Land & Buildings Investment Management LLC grew its stake in shares of LXP Industrial Trust by 266.7% during the 3rd quarter. Land & Buildings Investment Management LLC now owns 6,778,400 shares of the real estate investment trust’s stock worth $86,425,000 after acquiring an additional 4,929,830 shares during the period. Geode Capital Management LLC grew its stake in shares of LXP Industrial Trust by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 5,662,970 shares of the real estate investment trust’s stock worth $88,455,000 after acquiring an additional 431,792 shares during the period. Long Pond Capital LP bought a new position in shares of LXP Industrial Trust during the 3rd quarter worth $68,466,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of LXP Industrial Trust by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,859,542 shares of the real estate investment trust’s stock worth $60,286,000 after acquiring an additional 93,869 shares during the period. 98.07% of the stock is owned by hedge funds and other institutional investors.

About LXP Industrial Trust (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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