Nisa Investment Advisors LLC Decreases Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Nisa Investment Advisors LLC cut its stake in LXP Industrial Trust (NYSE:LXP) by 10.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 95,700 shares of the real estate investment trust’s stock after selling 10,837 shares during the quarter. Nisa Investment Advisors LLC’s holdings in LXP Industrial Trust were worth $949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisor Group Holdings Inc. increased its stake in LXP Industrial Trust by 81.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,880 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 4,423 shares in the last quarter. American Century Companies Inc. acquired a new stake in LXP Industrial Trust in the first quarter valued at $197,000. PNC Financial Services Group Inc. grew its holdings in LXP Industrial Trust by 4.6% in the first quarter. PNC Financial Services Group Inc. now owns 34,813 shares of the real estate investment trust’s stock valued at $547,000 after purchasing an additional 1,536 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of LXP Industrial Trust in the first quarter valued at $354,000. Finally, Natixis Advisors L.P. raised its stake in shares of LXP Industrial Trust by 18.6% during the 1st quarter. Natixis Advisors L.P. now owns 73,688 shares of the real estate investment trust’s stock worth $1,157,000 after buying an additional 11,569 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th.

LXP Industrial Trust Trading Down 1.6 %

Shares of LXP Industrial Trust stock opened at $8.93 on Tuesday. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.75. 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 business has a 50 day moving average price of $8.89 and a 200 day moving average price of $8.93. The company has a market capitalization of $2.63 billion, a P/E ratio of 111.58 and a beta of 0.80.

LXP Industrial Trust (NYSE:LXP) last released 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 company had revenue of $83.00 million for the quarter, compared to analysts’ expectations of $83.74 million. During the same period in the previous year, the business posted $0.17 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.13 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.52 dividend on an annualized basis and a yield of 5.83%. LXP Industrial Trust’s dividend payout ratio (DPR) is 650.08%.

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.