Victory Capital Management Inc. Has $27.63 Million Stock Position in LXP Industrial Trust (NYSE:LXP)

Victory Capital Management Inc. increased its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,784,769 shares of the real estate investment trust’s stock after acquiring an additional 219,728 shares during the quarter. Victory Capital Management Inc.’s holdings in LXP Industrial Trust were worth $27,625,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LXP. Adage Capital Partners GP L.L.C. raised its position in shares of LXP Industrial Trust by 180.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 2,100,000 shares of the real estate investment trust’s stock worth $18,690,000 after purchasing an additional 1,350,000 shares during the period. Aew Capital Management L P bought a new position in LXP Industrial Trust in the fourth quarter valued at approximately $4,643,000. Picton Mahoney Asset Management acquired a new position in shares of LXP Industrial Trust in the third quarter valued at approximately $2,027,000. California Public Employees Retirement System increased its position in shares of LXP Industrial Trust by 17.9% during the third quarter. California Public Employees Retirement System now owns 1,468,327 shares of the real estate investment trust’s stock worth $13,068,000 after acquiring an additional 222,726 shares in the last quarter. Finally, Manning & Napier Group LLC raised its holdings in shares of LXP Industrial Trust by 30.3% during the fourth quarter. Manning & Napier Group LLC now owns 774,188 shares of the real estate investment trust’s stock worth $7,680,000 after acquiring an additional 180,204 shares during the period. 93.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd.

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $8.77 on Wednesday. The firm has a market cap of $2.58 billion, a PE ratio of 219.25 and a beta of 0.82. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.75. The company’s fifty day simple moving average is $8.83 and its 200-day simple moving average is $8.93. The company has a quick ratio of 0.27, a current ratio of 0.27 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 the consensus estimate 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 net margin of 5.52% and a return on equity of 0.86%. LXP Industrial Trust’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. Equities research analysts expect that LXP Industrial Trust will post 0.64 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend was Wednesday, March 27th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 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.