SG Americas Securities LLC Sells 77,402 Shares of LXP Industrial Trust (NYSE:LXP)

SG Americas Securities LLC cut its position in shares of LXP Industrial Trust (NYSE:LXPFree Report) by 52.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,027 shares of the real estate investment trust’s stock after selling 77,402 shares during the quarter. SG Americas Securities LLC’s holdings in LXP Industrial Trust were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in shares of LXP Industrial Trust during the third quarter valued at approximately $57,000. First Trust Direct Indexing L.P. bought a new stake in LXP Industrial Trust in the third quarter worth $90,000. Sherbrooke Park Advisers LLC bought a new stake in LXP Industrial Trust in the third quarter worth $90,000. Lazard Asset Management LLC bought a new stake in LXP Industrial Trust in the second quarter worth $93,000. Finally, Engineers Gate Manager LP bought a new stake in LXP Industrial Trust in the third quarter worth $93,000. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Down 1.8 %

LXP stock opened at $8.72 on Wednesday. LXP Industrial Trust has a 1-year low of $7.75 and a 1-year high of $10.75. The business has a fifty day moving average price of $8.94 and a 200-day moving average price of $8.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $2.57 billion, a P/E ratio of 109.01 and a beta of 0.80.

LXP Industrial Trust (NYSE:LXPGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). LXP Industrial Trust had a return on equity of 1.37% and a net margin of 8.92%. The business had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $83.74 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts forecast that LXP Industrial Trust will post 0.64 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Wednesday, March 27th. LXP Industrial Trust’s dividend payout ratio is currently 650.08%.

Analyst Ratings Changes

LXP has been the topic of several analyst reports. raised LXP Industrial Trust from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. KeyCorp dropped their target price on LXP Industrial Trust from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, December 13th.

Get Our Latest Stock Analysis on LXP

LXP Industrial Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for LXP Industrial Trust (NYSE:LXP)

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