Allspring Global Investments Holdings LLC Has $242,000 Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Allspring Global Investments Holdings LLC reduced its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 91.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,372 shares of the real estate investment trust’s stock after selling 245,353 shares during the period. Allspring Global Investments Holdings LLC’s holdings in LXP Industrial Trust were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA acquired a new stake in shares of LXP Industrial Trust during the third quarter worth approximately $57,000. Sherbrooke Park Advisers LLC acquired a new stake in LXP Industrial Trust during the 3rd quarter valued at $90,000. First Trust Direct Indexing L.P. bought a new position in LXP Industrial Trust in the 3rd quarter valued at $90,000. Raymond James Financial Services Advisors Inc. acquired a new position in LXP Industrial Trust in the fourth quarter worth $112,000. Finally, Oak Thistle LLC bought a new stake in shares of LXP Industrial Trust during the fourth quarter worth $124,000. Institutional investors own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

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

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $8.48 on Friday. The company has a market cap of $2.50 billion, a PE ratio of 106.01 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 has a 1 year low of $7.75 and a 1 year high of $10.75. The company’s 50-day moving average is $8.83 and its two-hundred day moving average is $8.92.

LXP Industrial Trust (NYSE:LXP) last released its 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). The company had revenue of $83.00 million during the quarter, compared to analyst estimates of $83.74 million. LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. Equities analysts anticipate that LXP Industrial Trust will post 0.64 earnings per share for the current 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 of this dividend was Wednesday, March 27th. This represents a $0.52 annualized dividend and a yield of 6.13%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 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.