Raymond James Financial Services Advisors Inc. Purchases New Holdings in LXP Industrial Trust (NYSE:LXP)

Raymond James Financial Services Advisors Inc. purchased a new stake in LXP Industrial Trust (NYSE:LXP) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,324 shares of the real estate investment trust’s stock, valued at approximately $112,000.

Several other institutional investors have also recently added to or reduced their stakes in LXP. LFA Lugano Financial Advisors SA acquired a new position in LXP Industrial Trust in the 3rd quarter valued at about $57,000. First Trust Direct Indexing L.P. acquired a new position in LXP Industrial Trust in the 3rd quarter valued at about $90,000. Sherbrooke Park Advisers LLC acquired a new position in LXP Industrial Trust in the 3rd quarter valued at about $90,000. Fox Run Management L.L.C. acquired a new position in LXP Industrial Trust in the 3rd quarter valued at about $119,000. Finally, Cambria Investment Management L.P. purchased a new stake in LXP Industrial Trust in the 3rd quarter valued at approximately $193,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analysts Set New Price Targets

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

LXP Industrial Trust Price Performance

Shares of LXP opened at $8.45 on Friday. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.75. The stock’s 50 day moving average is $8.84 and its two-hundred day moving average is $8.92. The firm has a market capitalization of $2.49 billion, a PE ratio of 105.64 and a beta of 0.80. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

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

LXP Industrial Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend was Wednesday, March 27th. LXP Industrial Trust’s dividend payout ratio (DPR) is 650.08%.

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.