Bailard Inc. Buys 20,400 Shares of LXP Industrial Trust (NYSE:LXP)

Bailard Inc. boosted its position in LXP Industrial Trust (NYSE:LXP) by 131.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,946 shares of the real estate investment trust’s stock after acquiring an additional 20,400 shares during the period. Bailard Inc.’s holdings in LXP Industrial Trust were worth $357,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LXP. SG Americas Securities LLC lifted its holdings in shares of LXP Industrial Trust by 494.9% in the third quarter. SG Americas Securities LLC now owns 148,429 shares of the real estate investment trust’s stock valued at $1,321,000 after purchasing an additional 123,478 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of LXP Industrial Trust in the 3rd quarter worth $57,000. Dakota Wealth Management raised its holdings in shares of LXP Industrial Trust by 6.3% in the third quarter. Dakota Wealth Management now owns 23,614 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 1,404 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of LXP Industrial Trust by 5.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 120,263 shares of the real estate investment trust’s stock valued at $1,070,000 after purchasing an additional 6,373 shares in the last quarter. Finally, Inspire Investing LLC grew its position in LXP Industrial Trust by 5.3% in the 3rd quarter. Inspire Investing LLC now owns 34,403 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 1,718 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

LXP Industrial Trust Stock Performance

NYSE LXP opened at $8.48 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $2.50 billion, a PE ratio of 106.01 and a beta of 0.80. LXP Industrial Trust has a 52-week low of $7.75 and a 52-week high of $10.75. The company has a 50-day simple moving average of $8.83 and a 200 day simple moving average of $8.92.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly 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). 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 during the quarter, compared to the consensus estimate of $83.74 million. During the same period last year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts predict that LXP Industrial Trust will post 0.64 EPS 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. The ex-dividend date was Wednesday, March 27th. This represents a $0.52 annualized dividend and a dividend yield of 6.13%. LXP Industrial Trust’s payout ratio 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.