Nisa Investment Advisors LLC Lowers Holdings in LXP Industrial Trust (NYSE:LXP)

Nisa Investment Advisors LLC reduced its stake in shares of LXP Industrial Trust (NYSE:LXP) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,700 shares of the real estate investment trust’s stock after selling 10,837 shares during the quarter. Nisa Investment Advisors LLC’s holdings in LXP Industrial Trust were worth $949,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LXP. Cibc World Markets Corp increased its holdings in shares of LXP Industrial Trust by 0.8% during the 1st quarter. Cibc World Markets Corp now owns 142,532 shares of the real estate investment trust’s stock valued at $2,238,000 after purchasing an additional 1,151 shares in the last quarter. Eaton Vance Management increased its holdings in LXP Industrial Trust by 10.8% in the first quarter. Eaton Vance Management now owns 12,242 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 1,189 shares in the last quarter. Lazard Asset Management LLC increased its holdings in LXP Industrial Trust by 14.2% in the third quarter. Lazard Asset Management LLC now owns 10,933 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 1,363 shares in the last quarter. Dakota Wealth Management raised its position in shares of LXP Industrial Trust by 6.3% in the third quarter. Dakota Wealth Management now owns 23,614 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 1,404 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of LXP Industrial Trust by 4.3% during the 3rd quarter. Van ECK Associates Corp now owns 33,936 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 1,406 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $8.93 on Tuesday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 111.58 and a beta of 0.80. The company’s fifty day moving average price is $8.89 and its 200 day moving average price is $8.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.75.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The company had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $83.74 million. During the same period in the prior year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.52 annualized dividend and a dividend yield of 5.83%. LXP Industrial Trust’s payout ratio is 650.08%.

LXP Industrial Trust Company 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.