131,537 Shares in LXP Industrial Trust (NYSE:LXP) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in LXP Industrial Trust (NYSE:LXP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 131,537 shares of the real estate investment trust’s stock, valued at approximately $1,138,000.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of LXP Industrial Trust by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 55,054 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 5,102 shares during the period. Asset Management One Co. Ltd. boosted its stake in LXP Industrial Trust by 4.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 536,975 shares of the real estate investment trust’s stock worth $4,414,000 after buying an additional 24,375 shares during the last quarter. Rhumbline Advisers boosted its stake 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 worth $7,685,000 after buying an additional 2,543 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in LXP Industrial Trust by 18.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust’s stock valued at $1,859,000 after buying an additional 36,336 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of LXP Industrial Trust by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,428,052 shares of the real estate investment trust’s stock valued at $11,596,000 after acquiring an additional 40,686 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $8.54 on Wednesday. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.57. The stock has a market capitalization of $2.53 billion, a P/E ratio of 42.71 and a beta of 1.06. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average price is $8.17 and its 200 day moving average price is $8.42.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $87.89 million for the quarter, compared to the consensus estimate of $84.72 million. LXP Industrial Trust had a return on equity of 3.13% and a net margin of 17.63%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. As a group, research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend is Monday, June 30th. LXP Industrial Trust’s dividend payout ratio is presently 270.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LXP shares. KeyCorp cut their price objective on shares of LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a research report on Monday, May 5th.

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.