International Assets Investment Management LLC Has $17.85 Million Holdings in LXP Industrial Trust (NYSE:LXP)

International Assets Investment Management LLC increased its position in LXP Industrial Trust (NYSE:LXP) by 869.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,042 shares of the real estate investment trust’s stock after acquiring an additional 158,774 shares during the quarter. International Assets Investment Management LLC owned about 0.06% of LXP Industrial Trust worth $17,847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of LXP Industrial Trust by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 46,080,850 shares of the real estate investment trust’s stock worth $723,469,000 after purchasing an additional 1,259,719 shares during the last quarter. State Street Corp lifted its holdings in shares of LXP Industrial Trust by 4.4% during the second quarter. State Street Corp now owns 18,545,934 shares of the real estate investment trust’s stock worth $183,096,000 after buying an additional 777,373 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of LXP Industrial Trust by 15.0% during the first quarter. Macquarie Group Ltd. now owns 13,741,004 shares of the real estate investment trust’s stock worth $141,669,000 after buying an additional 1,788,043 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of LXP Industrial Trust by 3.1% in the first quarter. Geode Capital Management LLC now owns 5,829,166 shares of the real estate investment trust’s stock worth $60,099,000 after acquiring an additional 174,115 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of LXP Industrial Trust by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,603,482 shares of the real estate investment trust’s stock worth $40,971,000 after acquiring an additional 142,286 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 0.7 %

LXP stock opened at $9.10 on Friday. The business’s 50-day simple moving average is $8.89 and its 200 day simple moving average is $8.93. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.68 billion, a PE ratio of 113.76 and a beta of 0.80. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.75.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The firm had revenue of $83.00 million for the quarter, compared to the consensus estimate of $83.74 million. LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, research analysts anticipate that LXP Industrial Trust will post 0.64 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date is Wednesday, March 27th. LXP Industrial Trust’s dividend payout ratio is 650.08%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.