Tower Research Capital LLC TRC Purchases 1,782 Shares of LXP Industrial Trust (NYSE:LXP)

Tower Research Capital LLC TRC grew its position in LXP Industrial Trust (NYSE:LXP) by 17.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,856 shares of the real estate investment trust’s stock after acquiring an additional 1,782 shares during the quarter. Tower Research Capital LLC TRC’s holdings in LXP Industrial Trust were worth $122,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in LXP Industrial Trust by 126.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,506 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 3,631 shares during the last quarter. Engineers Gate Manager LP purchased a new position in LXP Industrial Trust during the 3rd quarter valued at $93,000. Quadrant Capital Group LLC boosted its holdings in LXP Industrial Trust by 201.9% during the 4th quarter. Quadrant Capital Group LLC now owns 9,414 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 6,296 shares during the period. Strait & Sound Wealth Management LLC bought a new position in LXP Industrial Trust in the 4th quarter valued at $117,000. Finally, Clear Street Markets LLC purchased a new stake in LXP Industrial Trust in the fourth quarter worth $122,000. Institutional investors own 92.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Friday, August 25th.

LXP Industrial Trust Stock Performance

Shares of NYSE:LXP opened at $9.81 on Friday. The firm’s 50 day simple moving average is $9.93 and its 200-day simple moving average is $10.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.09 and a current ratio of 0.09. LXP Industrial Trust has a one year low of $8.81 and a one year high of $11.92. The firm has a market cap of $2.87 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 4.92 and a beta of 0.78.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.20). LXP Industrial Trust had a return on equity of 2.92% and a net margin of 19.50%. The firm had revenue of $87.05 million for the quarter, compared to analysts’ expectations of $83.35 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts predict that LXP Industrial Trust will post 0.69 EPS for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.50 annualized dividend and a dividend yield of 5.10%. LXP Industrial Trust’s payout ratio is presently 238.10%.

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.