Arizona State Retirement System Raises Stake in LXP Industrial Trust (NYSE:LXP)

Arizona State Retirement System raised its position in LXP Industrial Trust (NYSE:LXPGet Rating) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,450 shares of the real estate investment trust’s stock after acquiring an additional 1,716 shares during the quarter. Arizona State Retirement System’s holdings in LXP Industrial Trust were worth $1,200,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in LXP Industrial Trust by 6.9% in the fourth quarter. State Street Corp now owns 15,309,839 shares of the real estate investment trust’s stock worth $240,960,000 after acquiring an additional 991,811 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of LXP Industrial Trust by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 5,662,970 shares of the real estate investment trust’s stock worth $88,455,000 after buying an additional 431,792 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of LXP Industrial Trust by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,859,542 shares of the real estate investment trust’s stock worth $60,286,000 after buying an additional 93,869 shares during the last quarter. Alberta Investment Management Corp lifted its position in shares of LXP Industrial Trust by 90.2% during the 4th quarter. Alberta Investment Management Corp now owns 3,567,953 shares of the real estate investment trust’s stock worth $55,731,000 after buying an additional 1,692,503 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of LXP Industrial Trust by 3,060.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,419,099 shares of the real estate investment trust’s stock worth $22,166,000 after buying an additional 1,374,200 shares during the last quarter. Hedge funds and other institutional investors own 98.07% of the company’s stock.

Analysts Set New Price Targets

LXP has been the subject of several recent analyst reports. StockNews.com upgraded shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Evercore ISI set a $13.00 price target on shares of LXP Industrial Trust in a research report on Monday, June 20th. Bank of America assumed coverage on shares of LXP Industrial Trust in a research report on Monday, April 18th. They issued an “underperform” rating and a $14.00 price target for the company. Jefferies Financial Group reduced their price target on shares of LXP Industrial Trust from $15.50 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Finally, TheStreet downgraded shares of LXP Industrial Trust from a “b” rating to a “c+” rating in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Hold” and a consensus price target of $14.80.

Insider Transactions at LXP Industrial Trust

In related news, Director Richard Frary purchased 10,000 shares of the stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost of $10.50 per share, with a total value of $105,000.00. Following the purchase, the director now directly owns 143,606 shares in the company, valued at approximately $1,507,863. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other LXP Industrial Trust news, Director Arun Gupta acquired 9,100 shares of the stock in a transaction that occurred on Friday, June 10th. The shares were purchased at an average cost of $10.88 per share, with a total value of $99,008.00. Following the purchase, the director now owns 16,865 shares in the company, valued at $183,491.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Frary acquired 10,000 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $105,000.00. Following the completion of the purchase, the director now owns 143,606 shares in the company, valued at approximately $1,507,863. The disclosure for this purchase can be found here. Insiders have purchased a total of 37,965 shares of company stock valued at $414,083 in the last ninety days. 2.06% of the stock is currently owned by company insiders.

LXP Industrial Trust Stock Performance

Shares of LXP opened at $10.83 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market capitalization of $3.12 billion, a P/E ratio of 8.95, a P/E/G ratio of 9.61 and a beta of 0.72. The company’s fifty day moving average is $10.81 and its two-hundred day moving average is $13.02. LXP Industrial Trust has a 1 year low of $9.98 and a 1 year high of $16.10.

LXP Industrial Trust (NYSE:LXPGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $80.30 million for the quarter, compared to analysts’ expectations of $80.69 million. LXP Industrial Trust had a net margin of 106.18% and a return on equity of 16.80%. LXP Industrial Trust’s revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. On average, sell-side analysts predict that LXP Industrial Trust will post 0.66 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.43%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 39.67%.

LXP Industrial Trust Company Profile

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Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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Institutional Ownership by Quarter for LXP Industrial Trust (NYSE:LXP)

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