LXP Industrial Trust (NYSE:LXP) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its stake in shares of LXP Industrial Trust (NYSE:LXP) by 678.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,281 shares of the real estate investment trust’s stock after acquiring an additional 5,474 shares during the period. Signaturefd LLC’s holdings in LXP Industrial Trust were worth $54,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LXP. Norges Bank purchased a new position in LXP Industrial Trust during the 4th quarter worth approximately $40,114,000. Balyasny Asset Management L.P. grew its position in 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 worth $17,584,000 after purchasing an additional 1,813,280 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in LXP Industrial Trust by 55.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust’s stock worth $41,838,000 after purchasing an additional 1,733,329 shares in the last quarter. Sophron Capital Management L.P. purchased a new position in LXP Industrial Trust during the 4th quarter worth approximately $10,874,000. Finally, Evergreen Capital Management LLC grew its position in LXP Industrial Trust by 1,993.3% during the 4th quarter. Evergreen Capital Management LLC now owns 902,167 shares of the real estate investment trust’s stock worth $7,447,000 after purchasing an additional 859,069 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on LXP. KeyCorp lowered 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 research report on Friday, May 2nd. JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a research report on Monday, May 5th.

LXP Industrial Trust Stock Up 1.3%

LXP stock opened at $8.28 on Wednesday. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.57. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 41.38 and a beta of 1.03. The company has a 50 day moving average of $8.47 and a two-hundred day moving average of $8.38.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $87.89 million during the quarter, compared to the consensus estimate of $84.72 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend was Monday, June 30th. LXP Industrial Trust’s dividend payout ratio is presently 270.00%.

About LXP Industrial Trust

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.