Arizona State Retirement System Decreases Holdings in LXP Industrial Trust (NYSE:LXP)

Arizona State Retirement System trimmed its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 1.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 81,796 shares of the real estate investment trust’s stock after selling 1,511 shares during the quarter. Arizona State Retirement System’s holdings in LXP Industrial Trust were worth $811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cibc World Markets Corp raised its position in LXP Industrial Trust by 0.8% in the 1st quarter. Cibc World Markets Corp now owns 142,532 shares of the real estate investment trust’s stock worth $2,238,000 after purchasing an additional 1,151 shares during the period. Eaton Vance Management raised its position in LXP Industrial Trust by 10.8% in the 1st quarter. Eaton Vance Management now owns 12,242 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 1,189 shares during the period. Lazard Asset Management LLC raised its position in LXP Industrial Trust by 14.2% in the 3rd quarter. Lazard Asset Management LLC now owns 10,933 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 1,363 shares during the period. Dakota Wealth Management raised its position in LXP Industrial Trust by 6.3% in the 3rd quarter. Dakota Wealth Management now owns 23,614 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 1,404 shares during the period. Finally, Van ECK Associates Corp raised its position in LXP Industrial Trust by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 33,936 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 1,406 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Price Performance

Shares of LXP stock opened at $8.53 on Thursday. 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 company has a market capitalization of $2.51 billion, a P/E ratio of 106.64 and a beta of 0.80. The company’s 50-day simple moving average is $8.88 and its two-hundred day simple moving average is $8.93. LXP Industrial Trust has a one year low of $7.75 and a one year high of $10.75.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The company had revenue of $83.00 million during the quarter, compared to the consensus estimate of $83.74 million. LXP Industrial Trust had a return on equity of 1.37% and a net margin of 8.92%. LXP Industrial Trust’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. As a group, equities analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid 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 6.10%. LXP Industrial Trust’s dividend payout ratio is currently 650.08%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Wednesday.

LXP Industrial Trust 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.