LXP Industrial Trust $LXP Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in LXP Industrial Trust (NYSE:LXP) by 11.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,993 shares of the real estate investment trust’s stock after selling 5,071 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LXP Industrial Trust were worth $314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in LXP Industrial Trust by 3,809.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,284 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 3,200 shares during the last quarter. GAMMA Investing LLC lifted its holdings in LXP Industrial Trust by 50.4% in the second quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,296 shares during the last quarter. Headlands Technologies LLC acquired a new position in LXP Industrial Trust in the first quarter valued at approximately $46,000. Brooklyn Investment Group lifted its stake in shares of LXP Industrial Trust by 276.3% in the 1st quarter. Brooklyn Investment Group now owns 5,479 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 4,023 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of LXP Industrial Trust by 678.3% in the 1st quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 5,474 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Down 0.3%

Shares of LXP opened at $9.50 on Thursday. The stock has a market capitalization of $2.81 billion, a PE ratio of 33.91 and a beta of 1.05. LXP Industrial Trust has a 1 year low of $6.85 and a 1 year high of $9.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. The company’s 50-day simple moving average is $9.19 and its 200-day simple moving average is $8.58.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $86.74 million for the quarter, compared to analyst estimates of $87.25 million. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. Analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Tuesday, September 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 192.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LXP shares. Evercore ISI upped their price target on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research note on Monday, October 6th. Wolfe Research began coverage on shares of LXP Industrial Trust in a research report on Friday, August 22nd. They issued an “outperform” rating and a $10.00 target price on the stock. JMP Securities set a $11.50 price objective on shares of LXP Industrial Trust and gave the stock a “market outperform” rating in a report on Tuesday. Citigroup upgraded shares of LXP Industrial Trust to an “outperform” rating in a report on Tuesday. Finally, Citizens Jmp upgraded shares of LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $11.50 price objective on the stock in a report on Tuesday. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.80.

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.