Insider Buying: LXP Industrial Trust (NYSE:LXP) Director Acquires 2,260 Shares of Stock

LXP Industrial Trust (NYSE:LXPGet Rating) Director Lawrence L. Gray acquired 2,260 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was acquired at an average cost of $11.13 per share, for a total transaction of $25,153.80. Following the completion of the purchase, the director now directly owns 74,104 shares in the company, valued at $824,777.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

LXP Industrial Trust stock traded down $0.13 during midday trading on Tuesday, reaching $11.12. The stock had a trading volume of 72,968 shares, compared to its average volume of 2,841,471. LXP Industrial Trust has a 12 month low of $10.84 and a 12 month high of $16.10. The company has a market capitalization of $3.20 billion, a P/E ratio of 9.30, a PEG ratio of 7.69 and a beta of 0.74. The company has a fifty day moving average price of $13.55 and a two-hundred day moving average price of $14.52. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.19.

LXP Industrial Trust (NYSE:LXPGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The firm 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 company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. On average, equities research analysts predict that LXP Industrial Trust will post 0.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Wednesday, March 30th. LXP Industrial Trust’s dividend payout ratio is currently 39.67%.

A number of research analysts have recently issued reports on LXP shares. Bank of America started coverage on LXP Industrial Trust in a research note on Monday, April 18th. They issued an “underperform” rating and a $14.00 price objective on the stock. StockNews.com assumed coverage on LXP Industrial Trust in a research report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet lowered LXP Industrial Trust from a “b” rating to a “c+” rating in a research report on Thursday, May 5th. Finally, Zacks Investment Research raised LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.40.

A number of institutional investors and hedge funds have recently modified their holdings of the business. HHM Wealth Advisors LLC grew its holdings 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 acquiring an additional 660 shares in the last quarter. Raymond James & Associates grew its holdings in shares of LXP Industrial Trust by 1.9% in the fourth quarter. Raymond James & Associates now owns 38,733 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 715 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of LXP Industrial Trust by 14.9% in the third quarter. Advisor Group Holdings Inc. now owns 5,812 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 754 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of LXP Industrial Trust by 7.2% in the fourth quarter. Evergreen Capital Management LLC now owns 11,858 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 801 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of LXP Industrial Trust by 0.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 196,333 shares of the real estate investment trust’s stock valued at $3,067,000 after acquiring an additional 807 shares in the last quarter. 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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