Captrust Financial Advisors Invests $198,000 in LXP Industrial Trust (NYSE:LXP)

Captrust Financial Advisors purchased a new position in shares of LXP Industrial Trust (NYSE:LXP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,337 shares of the real estate investment trust’s stock, valued at approximately $198,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LXP. Norges Bank acquired a new position in LXP Industrial Trust in the 4th quarter valued at about $40,114,000. Aew Capital Management L P raised its stake in LXP Industrial Trust by 72.5% in the 4th 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 during the last quarter. Balyasny Asset Management L.P. raised its stake in LXP Industrial Trust by 514.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,165,475 shares of the real estate investment trust’s stock valued at $17,584,000 after purchasing an additional 1,813,280 shares during the last quarter. Evergreen Capital Management LLC raised its stake in LXP Industrial Trust by 1,993.3% in the 4th quarter. Evergreen Capital Management LLC now owns 902,167 shares of the real estate investment trust’s stock valued at $7,447,000 after purchasing an additional 859,069 shares during the last quarter. Finally, Sei Investments Co. raised its stake in LXP Industrial Trust by 113.7% in the 4th quarter. Sei Investments Co. now owns 1,555,297 shares of the real estate investment trust’s stock valued at $12,629,000 after purchasing an additional 827,657 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

LXP has been the subject of several analyst reports. KeyCorp cut their target price on shares of LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

LXP Industrial Trust Trading Up 0.7%

NYSE LXP opened at $8.33 on Friday. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.57. The company has a 50-day moving average of $8.14 and a 200-day moving average of $8.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $2.46 billion, a P/E ratio of 64.08 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $87.89 million during the quarter, compared to the consensus estimate of $84.72 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 EPS. As a group, equities analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.135 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.48%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 270.00%.

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.