International Assets Investment Management LLC Sells 1,600 Shares of LXP Industrial Trust (NYSE:LXP)

International Assets Investment Management LLC lessened its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 12.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,324 shares of the real estate investment trust’s stock after selling 1,600 shares during the quarter. International Assets Investment Management LLC’s holdings in LXP Industrial Trust were worth $98,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of LXP Industrial Trust in the fourth quarter worth $40,114,000. Aew Capital Management L P boosted its holdings in shares of LXP Industrial Trust by 72.5% in the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust’s stock worth $47,224,000 after buying an additional 2,445,084 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of LXP Industrial Trust by 514.9% during 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 acquiring an additional 1,813,280 shares during the period. Sophron Capital Management L.P. bought a new stake in LXP Industrial Trust during the fourth quarter valued at about $10,874,000. Finally, Evergreen Capital Management LLC increased its position in LXP Industrial Trust by 1,993.3% in the fourth quarter. Evergreen Capital Management LLC now owns 902,167 shares of the real estate investment trust’s stock worth $7,447,000 after buying an additional 859,069 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LXP. JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. KeyCorp dropped their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd.

LXP Industrial Trust Stock Performance

NYSE LXP opened at $8.45 on Friday. 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 has a twelve month low of $6.85 and a twelve month high of $10.57. The business has a 50-day moving average price of $8.34 and a 200-day moving average price of $8.38. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 42.23 and a beta of 1.06.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $87.89 million during 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 firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. As a group, equities research analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.135 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.54 dividend on an annualized basis and a yield of 6.39%. LXP Industrial Trust’s dividend payout ratio is currently 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.