Rhumbline Advisers Grows Stock Position in LXP Industrial Trust (NYSE:LXP)

Rhumbline Advisers lifted its stake in shares of LXP Industrial Trust (NYSE:LXP) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 988,296 shares of the real estate investment trust’s stock after purchasing an additional 42,766 shares during the quarter. Rhumbline Advisers owned about 0.34% of LXP Industrial Trust worth $10,189,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Dakota Wealth Management raised its stake in shares of LXP Industrial Trust by 14.6% during the first quarter. Dakota Wealth Management now owns 24,328 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 3,107 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in LXP Industrial Trust by 13.5% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 24,658 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 2,929 shares in the last quarter. Magnus Financial Group LLC raised its position in LXP Industrial Trust by 3.8% in the first quarter. Magnus Financial Group LLC now owns 82,360 shares of the real estate investment trust’s stock worth $849,000 after acquiring an additional 3,001 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in LXP Industrial Trust by 15.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 295,086 shares of the real estate investment trust’s stock worth $2,957,000 after acquiring an additional 40,068 shares in the last quarter. Finally, Shikiar Asset Management Inc. purchased a new position in LXP Industrial Trust in the first quarter worth $4,947,000. Hedge funds and other institutional investors own 92.57% of the company’s stock.

LXP Industrial Trust Trading Up 0.4 %

Shares of LXP stock opened at $9.86 on Monday. LXP Industrial Trust has a fifty-two week low of $8.81 and a fifty-two week high of $11.92. The stock has a market cap of $2.89 billion, a P/E ratio of 46.95, a P/E/G ratio of 5.03 and a beta of 0.78. The business has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $9.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.19.

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

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend was Thursday, June 29th. LXP Industrial Trust’s payout ratio is currently 238.11%.

Analysts Set New Price Targets

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

About LXP Industrial Trust

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.