Yousif Capital Management LLC Has $945,000 Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Yousif Capital Management LLC lessened its stake in LXP Industrial Trust (NYSE:LXP) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 109,275 shares of the real estate investment trust’s stock after selling 2,697 shares during the quarter. Yousif Capital Management LLC’s holdings in LXP Industrial Trust were worth $945,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LXP. GF Fund Management CO. LTD. acquired a new position in LXP Industrial Trust in the 4th quarter valued at approximately $43,000. Sterling Capital Management LLC increased its stake in LXP Industrial Trust by 805.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 8,147 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of LXP Industrial Trust during the 4th quarter worth $80,000. Townsquare Capital LLC acquired a new position in shares of LXP Industrial Trust during the 4th quarter worth $82,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of LXP Industrial Trust during the 4th quarter worth $83,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

Shares of LXP opened at $8.69 on Thursday. The company’s fifty day moving average is $8.18 and its 200-day moving average is $8.42. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.57. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 43.43 and a beta of 1.06. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19.

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

LXP Industrial Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.54 dividend on an annualized basis and a yield of 6.22%. LXP Industrial Trust’s payout ratio is presently 270.00%.

Analyst Ratings Changes

Several research analysts have recently commented on LXP shares. KeyCorp dropped their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a research note 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.