New York Life Investment Management LLC Has $965,000 Stake in LXP Industrial Trust (NYSE:LXP)

New York Life Investment Management LLC boosted its holdings in LXP Industrial Trust (NYSE:LXP) by 646.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,251 shares of the real estate investment trust’s stock after purchasing an additional 84,217 shares during the quarter. New York Life Investment Management LLC’s holdings in LXP Industrial Trust were worth $965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC grew its holdings in shares of LXP Industrial Trust by 65.1% during the fourth quarter. CWM LLC now owns 3,298 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,300 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new position in LXP Industrial Trust during the 3rd quarter valued at about $90,000. Sherbrooke Park Advisers LLC bought a new stake in LXP Industrial Trust during the 3rd quarter worth approximately $90,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of LXP Industrial Trust in the fourth quarter worth approximately $112,000. Finally, Fox Run Management L.L.C. bought a new position in shares of LXP Industrial Trust in the third quarter valued at approximately $119,000. Institutional investors own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Friday, May 3rd.

LXP Industrial Trust Stock Up 1.0 %

LXP opened at $8.77 on Wednesday. LXP Industrial Trust has a fifty-two week low of $7.75 and a fifty-two week high of $10.75. The firm has a market capitalization of $2.58 billion, a P/E ratio of 219.25 and a beta of 0.82. The company’s 50-day moving average is $8.83 and its 200 day moving average is $8.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). LXP Industrial Trust had a net margin of 5.52% and a return on equity of 0.86%. The firm had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $83.74 million. During the same quarter last year, the business posted $0.17 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Research analysts expect that LXP Industrial Trust will post 0.64 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.13 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.52 annualized dividend and a yield of 5.93%. LXP Industrial Trust’s dividend payout ratio is currently 1,300.00%.

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.