Van Lanschot Kempen Investment Management N.V. Lowers Stock Position in LXP Industrial Trust (NYSE:LXP)

Van Lanschot Kempen Investment Management N.V. trimmed its holdings in shares of LXP Industrial Trust (NYSE:LXPFree Report) by 55.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 564,900 shares of the real estate investment trust’s stock after selling 710,900 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in LXP Industrial Trust were worth $5,824,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LXP. Mitsubishi UFJ Trust & Banking Corp raised its position in LXP Industrial Trust by 126.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,506 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 3,631 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of LXP Industrial Trust in the 3rd quarter valued at about $93,000. Quadrant Capital Group LLC lifted its stake in shares of LXP Industrial Trust by 201.9% in the fourth quarter. Quadrant Capital Group LLC now owns 9,414 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 6,296 shares during the period. Weiss Asset Management LP purchased a new stake in LXP Industrial Trust during the first quarter worth about $108,000. Finally, Strait & Sound Wealth Management LLC purchased a new stake in LXP Industrial Trust during the fourth quarter worth about $117,000. 92.57% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

LXP traded up $0.04 during trading on Monday, reaching $9.86. 1,365,700 shares of the stock were exchanged, compared to its average volume of 2,007,117. LXP Industrial Trust has a 1 year low of $8.81 and a 1 year high of $11.92. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 46.95, a P/E/G ratio of 5.03 and a beta of 0.78. The business’s 50 day moving average price is $9.94 and its two-hundred day moving average price is $9.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.09.

LXP Industrial Trust (NYSE:LXPGet Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.20). LXP Industrial Trust had a return on equity of 2.92% and a net margin of 19.50%. The business had revenue of $87.05 million during the quarter, compared to analysts’ expectations of $83.35 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. LXP Industrial Trust’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that LXP Industrial Trust will post 0.69 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.50 annualized dividend and a dividend yield of 5.07%. LXP Industrial Trust’s dividend payout ratio is presently 238.11%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Friday, August 25th.

Read Our Latest Stock Report on LXP Industrial Trust

LXP Industrial Trust Company Profile

(Free Report)

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.

Further Reading

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

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