LXP Industrial Trust (NYSE:LXP) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of LXP Industrial Trust (NYSE:LXP) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 345,575 shares of the real estate investment trust’s stock after acquiring an additional 26,398 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.12% of LXP Industrial Trust worth $3,428,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Dakota Wealth Management boosted its position in 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 valued at $210,000 after buying an additional 1,404 shares during the last quarter. Van ECK Associates Corp boosted its position in LXP Industrial Trust by 4.3% in the third quarter. Van ECK Associates Corp now owns 33,936 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 1,406 shares during the last quarter. abrdn plc boosted its position in LXP Industrial Trust by 2.5% in the third quarter. abrdn plc now owns 60,477 shares of the real estate investment trust’s stock valued at $538,000 after buying an additional 1,464 shares during the last quarter. New York State Teachers Retirement System boosted its position in LXP Industrial Trust by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 512,191 shares of the real estate investment trust’s stock valued at $5,081,000 after buying an additional 1,594 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in LXP Industrial Trust by 5.3% in the third quarter. Inspire Investing LLC now owns 34,403 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 1,718 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Thursday.

LXP Industrial Trust Trading Down 2.7 %

LXP Industrial Trust stock opened at $8.54 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.75. The stock’s 50 day simple moving average is $8.84 and its two-hundred day simple moving average is $8.92. The firm has a market cap of $2.51 billion, a PE ratio of 106.70 and a beta of 0.80.

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

LXP Industrial Trust Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 6.09%. LXP Industrial Trust’s dividend payout ratio (DPR) is 650.08%.

About LXP Industrial Trust

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.