Vanguard Group Inc. Purchases 243,372 Shares of LXP Industrial Trust (NYSE:LXP)

Vanguard Group Inc. boosted its position in shares of LXP Industrial Trust (NYSE:LXP) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,849,663 shares of the real estate investment trust’s stock after purchasing an additional 243,372 shares during the period. Vanguard Group Inc. owned about 0.16% of LXP Industrial Trust worth $372,299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LXP. Geode Capital Management LLC grew its position in LXP Industrial Trust by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust’s stock worth $74,271,000 after acquiring an additional 92,409 shares during the last quarter. Aew Capital Management L P grew its holdings in shares of LXP Industrial Trust by 72.5% during 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 purchasing an additional 2,445,084 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of LXP Industrial Trust by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust’s stock valued at $43,295,000 after buying an additional 46,050 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of LXP Industrial Trust by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 4,009,976 shares of the real estate investment trust’s stock valued at $32,561,000 after buying an additional 97,191 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in LXP Industrial Trust by 11.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock worth $25,200,000 after buying an additional 311,006 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Trading Up 0.7 %

Shares of LXP opened at $8.73 on Thursday. The stock’s fifty day simple moving average is $8.71 and its 200-day simple moving average is $9.00. The firm has a market capitalization of $2.58 billion, a PE ratio of 67.16 and a beta of 0.89. LXP Industrial Trust has a 12-month low of $7.65 and a 12-month high of $10.57. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The company had revenue of $100.85 million for the quarter, compared to the consensus estimate of $84.57 million. As a group, research analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 6.19%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust’s payout ratio is 415.38%.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and a consensus price target of $11.33.

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.