BNP Paribas Financial Markets Sells 26,374 Shares of LXP Industrial Trust (NYSE:LXP)

BNP Paribas Financial Markets trimmed its position in shares of LXP Industrial Trust (NYSE:LXP) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,238 shares of the real estate investment trust’s stock after selling 26,374 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of LXP Industrial Trust worth $1,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in LXP Industrial Trust by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 45,849,663 shares of the real estate investment trust’s stock valued at $372,299,000 after purchasing an additional 243,372 shares in the last quarter. Aew Capital Management L P boosted its holdings in LXP Industrial Trust by 72.5% during the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust’s stock valued at $47,224,000 after purchasing an additional 2,445,084 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of LXP Industrial Trust by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust’s stock worth $43,295,000 after acquiring an additional 46,050 shares in the last quarter. Norges Bank acquired a new position in shares of LXP Industrial Trust in the 4th quarter worth approximately $40,114,000. Finally, Northern Trust Corp grew its position in LXP Industrial Trust by 17.7% during the 4th quarter. Northern Trust Corp now owns 4,201,424 shares of the real estate investment trust’s stock worth $34,116,000 after acquiring an additional 633,054 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Price Performance

NYSE:LXP opened at $8.40 on Tuesday. The stock’s fifty day moving average price is $8.19 and its two-hundred day moving average price is $8.54. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $10.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 64.62 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The firm had revenue of $87.89 million for the quarter, compared to the consensus estimate of $84.72 million. During the same quarter in the prior year, the business earned $0.16 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 6.43%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust’s dividend payout ratio is 270.00%.

Analysts Set New Price Targets

LXP has been the topic of a number of research analyst reports. JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. KeyCorp decreased their price target on LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.00.

LXP Industrial Trust 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.