Bank of Montreal Can Boosts Stock Position in LXP Industrial Trust (NYSE:LXP)

Bank of Montreal Can increased its position in LXP Industrial Trust (NYSE:LXP) by 16.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 37,386 shares of the real estate investment trust’s stock after purchasing an additional 5,277 shares during the period. Bank of Montreal Can’s holdings in LXP Industrial Trust were worth $304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its holdings in shares of LXP Industrial Trust by 4.9% in the 4th quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 1,365 shares during the period. Rhumbline Advisers lifted its holdings in LXP Industrial Trust by 0.3% in the 4th quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust’s stock valued at $7,685,000 after purchasing an additional 2,543 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of LXP Industrial Trust by 2.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,309 shares of the real estate investment trust’s stock worth $798,000 after purchasing an additional 2,688 shares during the period. Blue Trust Inc. lifted its holdings in shares of LXP Industrial Trust by 22.8% during the 4th quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 2,798 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in shares of LXP Industrial Trust by 1.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 161,651 shares of the real estate investment trust’s stock worth $1,313,000 after buying an additional 2,975 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Price Performance

Shares of LXP stock opened at $7.78 on Thursday. The firm has a fifty day moving average of $8.47 and a two-hundred day moving average of $8.74. The firm has a market cap of $2.30 billion, a P/E ratio of 59.81 and a beta of 0.95. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The business had revenue of $100.85 million during the quarter, compared to the consensus estimate of $84.57 million. As a group, research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 6.95%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 415.38%.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, LXP Industrial Trust currently has an average rating of “Hold” and a consensus price target of $11.33.

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.